A chief executive officer ( CEO ), also known as a chief executive or managing director , is the top-ranking corporate executive charged with the management of an organization , usually a company or a nonprofit organization .
37-683: CLO may refer to: Institutional positions [ edit ] Chief Learning Officer , training post Chief Legal Officer of a legal department Locations [ edit ] Alfonso Bonilla Aragón International Airport , Palmira, Colombia, IATA code Civic Light Opera (disambiguation) , several US theatres Cło, Świętokrzyskie Voivodeship , Gmina Kazimierza Wielka, Kazimierza County, Poland Coolaroo railway station , Melbourne Organizations [ edit ] Central Legal Office of NHS Scotland Conselh de la Lenga Occitana (Occitan Language Council) Cooperative Living Organization ,
74-488: A company's business decisions, including those in operations, marketing, business development , finance, human resources , etc. The use of the CEO title is not necessarily limited to describing the head of a company. For example, the CEO of a political party is often entrusted with fundraising, particularly for election campaigns. In some countries, there is a dual board system with two separate boards, one executive board for
111-424: A corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability , market share , revenue , or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation . CEOs are also frequently assigned
148-402: A facade of charm and eloquence. Traits such as courage and risk-taking, generally considered desirable, are often found alongside these psychopathic tendencies. Tara Swart, a neuroscientist at MIT Sloan School of Management , has suggested that individuals with psychopathic traits thrive in chaotic environments and are aware that others do not. As a result, they may intentionally create chaos in
185-462: A formal delegation of authority regarding business administration . Typically, responsibilities include being an active decision-maker on business strategy and other key policy issues, as well as leader , manager, and executor roles. The communicator role can involve speaking to the press and to the public, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. The CEO
222-515: A housing cooperative in Gainesville, FL, US Federation of Civil Service Organizations (Centrale van Landsdienaren Organisaties), Suriname Technical terms [ edit ] Collateralized loan obligation , an asset-backed security Color Light Output or color brightness of a projector Other uses [ edit ] Alberto Clò (born 1947), Italian politician and academic Campylobacter-like organism test , rapid test for
259-599: A source of criticism following a dramatic rise in pay relative to the average worker's wage . For example, the relative pay was 20-to-1 in 1965 in the US, but had risen to 376-to-1 by 2000. The relative pay differs around the world, and, in some smaller countries, is still around 20-to-1. Observers differ as to whether the rise is due to competition for talent or due to lack of control by compensation committees. In recent years, investors have demanded more say over executive pay. Lack of diversity amongst chief executives has also been
296-504: A source of criticism. In 2018, 5% of Fortune 500 CEOs were women. In 2023 the number rose to 10.4% of for Women CEO's of Fortune 500 companies . The reasons for this are explained or justified in various ways, and may include biological sex differences, male and female differences in Big Five personality traits and temperament, sex differences in psychology and interests, maternity and career breaks, hypergamy , phallogocentrism ,
333-402: Is often used in lieu of chief executive officer. Business publicists since the days of Edward Bernays (1891–1995) and his client John D. Rockefeller (1839–1937) and even more successfully the corporate publicists for Henry Ford , promoted the concept of the " celebrity CEO". Business journalists have often adopted this approach, which assumes that the corporate achievements, especially in
370-418: Is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can also be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, and the driving force behind, an organization culture". In the US, the term "chief executive officer" is used primarily in business, whereas
407-427: Is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the organization's day-to-day operations. The CEO is the person who is ultimately accountable for
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#1732773284802444-549: Is the highest-ranking corporate officer in charge of learning management. CLOs may be experts in corporate or personal training, with degrees in education, instructional design, business or similar fields. Qualified CLOs should be able to drive the corporate strategy and align the development of people with the business goals of the organization. A full complement of skills, including business analytics, technology, learning theory, performance consulting and scientific inquiry, are important for success. The CLO may report directly to
481-542: Is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors (elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO). In the United States, and in business,
518-682: The CEO , but may also report to the Head of HR or Chief Talent Officer. In the 1990s, Jack Welch , then CEO of GE , made Steve Kerr his CLO, making GE the first company to have such an officer. Kerr also became the CLO and Managing Director for Goldman Sachs In 2012, Emma Cunis, executive director of the Chartered Institute of Management Accountants spoke at a CLO summit held in Mumbai . Cunis
555-552: The Dictionary says that the use of "CEO" as an acronym for a chief executive officer originated in Australia , with the first attestation being in 1914. The first American usage cited is from 1972. The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's structure. They can be far-reaching or quite limited, and are typically enshrined in
592-535: The CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with a different area of responsibility (e.g., VP of finance, VP of human resources). Examples of subordinate executive officers who typically report to the CEO include the chief operating officer (COO), chief financial officer (CFO), chief strategy officer (CSO), chief marketing officer (CMO) and chief business officer (CBO). The public relations -focused position of chief reputation officer
629-453: The CLO in disseminating knowledge for employees to learn and apply. The chief culture officer will assist the CLO with any culture-based programs or initiatives, though most companies do not have a CCO at the moment. CEO CEOs find roles in various organizations, including public and private corporations , nonprofit organizations , and even some government organizations (notably state-owned enterprises ). The governor and CEO of
666-563: The Chief Learning Officers and other senior-level Human Capital Executives for success in their role as learning and talent development leaders. Additionally, in 2017, Vanderbilt University 's Peabody College of Education and Human Development launched an online Doctor of Education in Leadership and Learning and Organizations which aims to train current and prospective Chief Learning Officers and learning leaders in
703-528: The UK, chief executive and chief executive officer are used in local government , where their position in law is described as the "head of paid service", and in business and in the charitable sector . As of 2013 , the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are normally non-executive (unpaid) roles. The term managing director
740-422: The arena of manufacturing, are produced by uniquely talented individuals, especially the "heroic CEO". In effect, journalists celebrate a CEO who takes distinctive strategic actions. The model is the celebrity in entertainment, sports, and politics – compare the " great man theory ". Guthey et al. argues that "...these individuals are not self-made, but rather are created by a process of widespread media exposure to
777-453: The c-suite. As a comparison, just 3% of CEOs are female, according to Pricewaterhouse Coopers. The chief learning officer often works alongside the CEO and collaborates on his or her vision for instituting learning and development initiatives throughout the company. Occasionally the CLO will work closely with the chief technology officer , because much of L&D involves technological advancement. The chief knowledge officer will also assist
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#1732773284802814-617: The case of a partnership , an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company , an executive officer is any member, manager, or officer. Depending on the organization, a CEO may have several subordinate executives to help run the day-to-day administration of the company, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers. Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if
851-450: The day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairperson presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim
888-506: The executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on the board of directors. In the case of a sole proprietorship , an executive officer is the sole proprietor. In
925-562: The existence of old boy networks , tradition, and the lack of female role models in that regard. Some countries have passed laws mandating boardroom gender quotas. In 2023 Rockefeller Foundation awarded a grant to Korn Ferry to research strategies and then action a plan to help more women to become CEO's. There are contentious claims that a significant number of CEO's have psychopathic tendencies, often characterized by power-seeking behavior and dominance. These individuals can often conceal their ruthlessness and antisocial behavior behind
962-454: The following three areas: There is scant data when it comes to the CLO position, considering that the position has only existed since 1991. In terms of salary, Indeed.com reports that the average salary is roughly $ 81,000 per year, as of May 2015. According to a CLO survey conducted in April 2015, roughly 45% of CLOs are female, which is a remarkably strong number for female representation in
999-439: The learning activity (Rani, 2004; Rauner & Maclean, 2008). The aim of the use of these measurement techniques is to quantify the success of the learning activity. This allows the CLO to adapt learning activities in future to increase the level of successful outcomes (Jonassen et al., 2008). A wide variety of different technologies may be used by CLOs in order to meet their learning objectives. Popular technologies used include
1036-402: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=CLO&oldid=1223773788 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Chief Learning Officer A chief learning officer ( CLO )
1073-526: The most common cause of gastric ulcer Chlorine monoxide , a chemical radical Clo the Cow, advertising mascot of Clover Stornetta Farms Hypochlorite ion (ClO), composed of chlorine and oxygen Unit of clothing insulation See also [ edit ] Cee Lo Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title CLO . If an internal link led you here, you may wish to change
1110-409: The point that their actions, personalities, and even private lives function symbolically to represent significant dynamics and tensions prevalent in the contemporary business atmosphere". Journalism thereby exaggerates the importance of the CEO and tends to neglect harder-to-describe broader corporate factors. There is little attention to the intricately organized technical bureaucracy that actually does
1147-836: The role of the main manager of the organization and the highest-ranking officer in the C-suite . The term "chief executive officer" is attested as early as 1782, when an ordinance of the Congress of the Confederation of the United States of America used the term to refer to governors and other leaders of the executive branches of each of the Thirteen Colonies . In draft additions to the Oxford English Dictionary published online in 2011,
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1184-409: The term "executive director" is used primarily in the not-for-profit sector. These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. The CEO is the highest-ranking executive in a company, making corporate decisions, managing operations, allocating resources, and serving as the main point of communication between the board of directors and the company. In
1221-519: The training that will allow them to be global leaders who will make GE flourish in the future." There are four types of learning techniques that may be employed by CLOs (Elkeles & Phillips, 2007): Measurement techniques refer to how CLOs measure learning outcome success. These may take several forms and can include standardized tests, one-to-one interviews and discussions with individuals receiving learning assistance, surveys and questionnaires, and measured competency at various tasks before and after
1258-499: The use of computer software to deliver lessons and tests. Additionally, internet based learning may be used to provide learning at remote locations and enable students to engage with lessons remotely (Iskander, 2008; Facer, 2011). The University of Pennsylvania has their own Doctoral Program under their Graduate School of Education called the PennCLO Executive Doctoral Program. It specially prepares
1295-457: The work. Hubris sets in when the CEO internalizes the celebrity and becomes excessively self-confident in making complex decisions. There may be an emphasis on the sort of decisions that attract the celebrity journalists . Research published in 2009 by Ulrike Malmendier and Geoffrey Tate indicates that "firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance". Executive compensation has been
1332-802: The workplace. This perspective is explored in the book Snakes in Suits , co-authored by Robert D. Hare . However, Scott Lilienfeld has argued that the attention given to psychopathy in the workplace by both the media and scholars has far exceeded the available scientific evidence. Emilia Bunea, writing in Psychology Today , has linked psychopathic traits in managers to workplace bullying , employee dissatisfaction, and turnover intentions. Despite this, Bunea cautions that excessive worry about supposed psychopathic managers could discourage individuals from pursuing careers in corporations and deter employees from addressing issues with difficult bosses. In
1369-616: Was part of a panel that discussed the cost of not investing in executive learning and development . She quoted former General Electric CEO Jack Welch to make her case: "The Jack Welch of the future cannot be like me. I spent my entire career in the United States. The next head of General Electric will be someone who spent time in Bombay, in Hong Kong, in Buenos Aires…. We have to send our best and brightest overseas and make sure they have
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