Companies as a whole come together to exercise business judgment and leadership skills. Many companies have titles for positions that will manage and govern them as a means of identifying their roles and duties in the organization. Some of the most common title are CEO, Chairman of the board of directors, president and shareholders, these titles do vary by the structure or type of organization. Most titles are given for job differentiation in job function but some are given as a sign of respect or prestige.
Chief executive officer also known as CEO is one of the highest ranking executives in a company. Their main responsibilities include developing and implementing high level strategies, making major corporate decisions, overseeing the overall operations and resources of the organization, and acting as the foundation of communication between all other corporate operations. This duties of the CEO may be different depending on the size and type of company. Overall the CEO is in charge of directing the growth of the company, while other lower level tasks are directed by managers.
Chairman of the board of directors is the most powerful on the board of directors. They provide leadership to the company officers and executives and ensures that the shareholders are satisfied. The chairman is there to link information between the board and management and are usually voted by majority within the board of directors. The board of directors duties are to represent the stockholders and to make decisions on major company issues, for instance, hiring and firing or company policies. Other duties may include adopting bylaws, supervising managers, or issuing stock to share ...