Top management does not belong to ..
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The top management team consists of the top ranking executives in the organization. who are responsible for the performance of the whole enterprise. That includes: chairman, CEO, managing director, president, executive directors, vice-presidents, etc. The key job of the top management is to translated the policy devised by the board-of-directors. They do so by devising goals, objectives, and strategies, and by working on key issues, e.g. how a shared vision could be built; how relevant mental models can be promoted; how talent would be attracted, etc. They all need to be in the sample including the CEO.
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