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40-436: World Council may refer to: Politics and diplomacy [ edit ] World Business Council for Sustainable Development , an international environmental organization World Cultural Council , an international organization whose goals are to promote cultural values, goodwill and philanthropy among individuals World Food Council , a United Nations organization established by

80-722: A body representing the Brahmoism sect of Hinduism World Church Leadership Council (Community of Christ) , a leadership body of the Community of Christ World Council of Churches , the principal international Christian ecumenical organization World Methodist Council , an association of churches in the Methodist tradition World Hindu Council , a Hindu nationalist organization based in India Business and trade [ edit ] World Council of Credit Unions ,

120-488: 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

160-424: 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

200-402: 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

240-462: 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

280-415: A governing body of competitive dance World Muaythai Council World Motor Sport Council , the governing body of all international motorsport activities World Sailing Speed Record Council , the body to confirm speed records of sailing crafts on water World Wrestling Council , one of Puerto Rico's two main professional wrestling promotions Religion [ edit ] World Brahmo Council ,

320-488: A lobbying agency for credit unions World Diamond Council , representatives from diamond manufacturing and trading companies World Gold Council , gold mining companies World Petroleum Council World Plumbing Council World Travel and Tourism Council , people involved in the travel and tourism industry See also [ edit ] World Affairs Council (disambiguation) World Buddhist Council (disambiguation) World Assembly Topics referred to by

360-599: 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

400-504: 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 ,

440-468: Is also Annex 1 to ISO 26000 and supported by CSR Europe Membership is said to around 400 and includes companies of all sizes and sectors, as well as individual specialists, professionals, and academics and it was incorporated into WBCSD on 2 September 2014. The WBCSD is a member-led organization governed by a Council composed of the Council Members of its member companies. The Council elects

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480-534: Is among the key players responsible for holding back the world societies from tackling the climate change and energy management challenges for the past 20 years. The WBCSD Executive Committee was dominated by the largest non-renewable energy and carbon-intensive companies in the world at least until 2011. According to Greenpeace the WBCSD executive committee has been a 'Who's Who' of the world's largest carbon-intensive companies. The Sierra Club has collaborated with

520-427: Is different from Wikidata All article disambiguation pages All disambiguation pages World Business Council for Sustainable Development The World Business Council for Sustainable Development ( WBCSD ) is a CEO -led organization of over 225 international companies . The council is also connected to 60 national and regional business councils and partner organizations. Its origins date back to

560-402: 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

600-426: Is set up as a WBCSD Program with a number of supplementary Projects. A 2003 World Bank / IFC commissioned study identified the WBCSD as one of the "most influential forums" for companies on corporate social responsibility (CSR) issues. A 2004 Globescan survey found the WBCSD as the second most effective SD research organization. The 2006 survey by the same company reports that 54% of all surveyed experts believe

640-418: 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

680-427: 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

720-542: 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,

760-552: 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

800-535: 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

840-566: The Rio de Janeiro Earth Summit of 1992, when Stephan Schmidheiny , a Swiss business entrepreneur, was appointed chief adviser for business and industry to the secretary general of the United Nations Conference on Environment and Development (UNCED). He created a forum called "Business Council for Sustainable Development", which went on to become Changing Course , a book that coined the concept of eco-efficiency . The WBCSD

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880-528: 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

920-587: The UN General Assembly in December 1974 World Future Council , an initiative started by Jakob von Uexkull World Happiness Council World Hereford Council World Peace Council , an Eastern Bloc anti-war conference World Water Council , an international collaboration of NGOs, governments and international organisations Sports [ edit ] World Boxing Council , an international boxing organization World Dance Council ,

960-485: The WBCSD is by invitation of the executive committee to companies committed to sustainable development . WBCSD has over 180 members. Forética claims to be a global network of Spanish speaking businesses and professionals whose mission is to promote an ethical management and corporate social responsibility by the establishment of a National standard in Spain known as SGE-21, (sistema de gestión ética para el Siglo 21) which

1000-715: The WBCSD will play a "major role" in advancing sustainable development. Only the European Union received higher approval (69%). In the Ethisphere Institute 's 2007 list of the 100 Most Influential People in Business Ethics, WBCSD President Bjoern Stigson was ranked ninth, which made him the second most influential NGO leader. The organization helped launch the Concrete Sustainability Initiative . Membership of

1040-620: The World Business Council on a number of initiatives, as well as inviting its representatives to speak at Sierra Club events. The Environmental Defense Fund recommends the World Business Council's auditing methods to companies seeking to reduce greenhouse emissions, and the Natural Resources Defense Council has drawn upon WBCSD guidelines in drawing up their own guidelines for determining biofuels sustainability. The WBCSD's Vision 2050 report

1080-422: 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

1120-617: 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

1160-450: 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

1200-810: The executive committee, including the chairman and four Vice Chairmen. Past chairmen include: Most of WBCSD's member companies are headquartered in Europe (47%). 22% member companies are headquartered in Asia, 22% in North America and 5% in Latin America. The geographically least represented regions are Africa, Australasia and the Middle East with 1% each. According to Greenpeace the World Business Council for Sustainable Development

1240-506: 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

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1280-562: 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

1320-409: 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

1360-836: 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,

1400-423: The same term [REDACTED] This disambiguation page lists articles associated with the title World Council . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=World_Council&oldid=1215472792 " Category : Disambiguation pages Hidden categories: Short description

1440-409: 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

1480-457: 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

1520-802: 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

1560-1030: Was created in 1995 as a merger of the Business Council for Sustainable Development and the World Industry Council for the Environment and is based at the Maison de la paix in Geneva , Switzerland , with offices in New York and New Delhi. The council works on a variety of issues related to sustainable development. It works to achieve the Sustainable Development Goals (SDGs) through the transformation of six economic systems: circular economy , cities and mobility, climate and energy, food, land and water, people and redefining value. Each system transformation

1600-491: Was highlighted by The Guardian as "the largest concerted corporate sustainability action plan to date – include reversing the damage done to ecosystems, addressing rising greenhouse gas emissions and ensuring societies move to sustainable agriculture." 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

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