Definition of Chief executive officer (CEO)

A chief executive officer (CEO) corporations a top-ranking executive whose major duties involve:

  • making significant business decisions,
  • they monitor a corporation’s resources and activities altogether,
  • participating as the key point of communication between the board of directors (the board) and corporate operations, and
  • being the corporation’s public face.

The shareholder and the board vote CEO.

Depending on the size of the company a chief executive’s role varies.

  • In a large corporation, a chief executive will only make high- level decisions focusing on the growth of the business.
  • Whereas, in a small business a chief executive will not only be making the decisions for major stuff but also be hands-on with day to day activities.
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