Question

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➠ Difference between CEO and chairman ❓

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Answer 1

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The CEO is a company’s top decision-maker, and all other executives answer to him or her. The CEO typically delegates many of the tactical responsibilities to other managers, focusing instead on strategic issues, such as which markets to enter, how to take on the competition, and which companies to form partnerships with. This is in contrast to the chief operating officer or president, who oversees day-to-day operations and logistics.

The CEO is ultimately accountable to the board of directors for the company’s performance.

The chairman of a company is the head of its board of directors. The board is elected by shareholders and is responsible for protecting investors’ interests, such as the company’s profitability and stability. It usually meets several times a year to set long-term goals, review financial results, evaluate the performance of high-level managers, and vote on important strategic moves proposed by the CEO. Directors appoint–and can fire–upper-level managers such as the CEO and president. The chairman typically wields substantial power in setting the board’s agenda and determining the outcome of votes. But he or she does not necessarily play an active role in everyday management.

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Answer 2

Answer:

The chairman of a company is the head of its board of directors. The board is elected by shareholders and is responsible for protecting investors’ interests, such as the company’s profitability and stability. It usually meets several times a year to set long-term goals, review financial results, evaluate the performance of high-level managers, and vote on important strategic moves proposed by the CEO. Directors appoint–and can fire–upper-level managers such as the CEO and president. The chairman typically wields substantial power in setting the board’s agenda and determining the outcome of votes. But he or she does not necessarily play an active role in everyday management.

The CEO is ultimately accountable to the board of directors for the company’s performance.

The CEO is a company’s top decision-maker, and all other executives answer to him or her. The CEO typically delegates many of the tactical responsibilities to other managers, focusing instead on strategic issues, such as which markets to enter, how to take on the competition, and which companies to form partnerships with. This is in contrast to the chief operating officer or president, who oversees day-to-day operations and logistics.

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