Does the CEO Actually Own the Company? Understanding Roles

In some institutions or companies, there may be a person who combines the roles of Chief Executive Officer (CEO) and General Manager, which creates confusion in roles and makes it difficult for employees to know the specific tasks of each position. Despite the similarity in the work performed by the CEO and the General Manager, there are some clear differences between them. The CEO is the primary person in leading the company, bearing full management of the company and making strategic decisions, and is also responsible for managing funds and distributing profits to shareholders. This means that the CEO is not necessarily the owner of the company, but must be highly experienced and appropriately qualified to hold this high-level position.

Who is the Chief Executive Officer - CEO?

• The Professional CEO: Is the person who occupies the highest functional position in the company's organizational structure and undertakes the tasks of coordination, planning, and monitoring all operations.
• Contributes essentially to setting the outlines and general and specific goals of the company, institution, and systems.
• Takes direct supervision over the implementation of approved strategic policies.
• Is entrusted with managing all operational aspects, in addition to reviewing and analyzing reports from various department managers to develop solutions for problems hindering work progress.
• Supervises employees technically and administratively, and works to enhance their professional experience and competence.
• Ensures the application of all safety precautions and occupational health instructions within the work environment.

Responsibilities of the CEO

The professional CEO is the primary person responsible to the board of directors, and their most important responsibilities are summarized as follows:

• Strategic Goals: Setting the general vision and long-term plans to ensure the growth and prosperity of the company.
• Effective Execution: Turning strategic plans into reality to advance all sectors of the company.
• Administrative Planning: Designing the administrative structure and determining communication channels to ensure that work is carried out in an organized manner.
• Cost Management: Controlling budgets and accurately determining human and material needs.
• Leadership and Guidance: Managing employees, understanding their needs, and issuing directives that ensure institutional loyalty and productivity.
• Official Representation: Representing the company before the public, external parties, and strategic partners.