Chief executive officer

The individuals at the helm of managing an organization, particularly an independent legal entity like a corporation or nonprofit, are commonly known as Chief Executive Officers (CEOs), Chief Administrators (CAs), or simply Chief Executives (CEs). CEOs are found across a spectrum of organizations, spanning public and private businesses, nonprofits, and even certain government entities, each with distinct objectives and missions. Generally, a CEO reports to the board of directors and is entrusted with enhancing the organization's value, whether through boosting stock prices, market share, sales, or achieving other strategic goals. CEOs of nonprofits and governmental bodies typically align their efforts with the organization's mission.

The specific responsibilities of a CEO are determined by the board of directors or a similar governing body, tailored to the organization's structure and objectives. These duties may range widely, from setting strategic direction to being the face of the organization to external stakeholders. In the role of communicator, CEOs often engage with the press, internal management, and employees, while in decision-making capacities, they make pivotal choices regarding policy and strategy.

As the leader of a company, the CEO is tasked with updating the board on the organization's status, inspiring employees, and fostering change when necessary. Operationally, they oversee the day-to-day functioning of the organization. Importantly, CEOs bear ultimate responsibility for all business decisions, spanning operations, marketing, finance, human resources, and beyond.

It's noteworthy that a CEO isn't always the owner or top executive of a company. In the realm of politics, for instance, the CEO of a political party often takes on fundraising duties, particularly during electoral campaigns.