Many people do not understand the difference between a CEO and an executive director. This applies even to business representatives who, when registering a company and drafting its charter, cannot correctly write out the sections concerning management. People often think that a CEO, an executive director, and a chairman of the board of directors are all the same person.
However, all these positions are different, and it is necessary to understand what the differences are, because sometimes it gets to the point of being ridiculous and the manager is called the CEO.
Of course, these positions have switzerland email list common features. Firstly, these are management positions, that is, the people who occupy them must monitor the execution of management orders and the work of employees. Secondly, both the executive and the general director report to the business owner and are responsible to him. It is he who appoints them to positions and removes them. How exactly and in what order this happens is specified in the company's regulatory documents.
Differences between an executive director and a general director
General manager
He heads the company and manages the rest of the managers, of whom there may be several, depending on the needs of the enterprise: executive director, financial director, HR director, sales director, production director, etc. In large businesses, such a management team is the norm.
The CEO manages the entire company, his powers and responsibilities must be spelled out in the employment contract, job description and order, which highlights the structural features of the enterprise, as well as the responsibilities of his subordinates from among the top management.
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If we talk about a limited liability company, it is managed by a general meeting of participants, who, according to Russian legislation, do not have a specific name. They are often called founders, directors or participants.
Among all the directors, there may be a general director, who receives such a title due to the fact that he has the largest share in the LLC fund. In this case, he will be responsible for the operational management of the company. The board of founders, under the leadership of the chairman, may also appoint a general director, who will manage the company.
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The CEO is responsible for:
financial well-being of the company;
development of the enterprise, growth of its income and expansion of sales markets;
development of an adequate company structure;
search for partners, establishing connections with government agencies;
control over compliance with legislation;
creating an effective team;
development of a general strategy for the company's development and step-by-step action plans;
optimization of enterprise expenses;
competent budget allocation.