Homepage
PR Newswire
Hi RBM,
Just a novice question: what is the difference between the BoD and CEO role. Because my understanding is that the CEO is " developing and implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of a company." Whereas the BoD seems to have similar role of "establish corporate management related policies and to make decisions on major company issues. Such issues include the hiring/firing of executives, dividend policies, options policies and executive compensation" To me, their roles seem to be very similar and in Techcomp's case, it seems that BoD carries more executive power than the CEO of techcomp.
As i recently started understanding finance, could you point out to me more abt the difference of a CEO and BoD. Thanks
Sources
http://www.investopedia.com/terms/b/boar...z2N1PITMF0
Http://www.investopedia.com/terms/c/ceo....z2N1OvGMHy
Just a novice question: what is the difference between the BoD and CEO role. Because my understanding is that the CEO is " developing and implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of a company." Whereas the BoD seems to have similar role of "establish corporate management related policies and to make decisions on major company issues. Such issues include the hiring/firing of executives, dividend policies, options policies and executive compensation" To me, their roles seem to be very similar and in Techcomp's case, it seems that BoD carries more executive power than the CEO of techcomp.
As i recently started understanding finance, could you point out to me more abt the difference of a CEO and BoD. Thanks
Sources
http://www.investopedia.com/terms/b/boar...z2N1PITMF0
Http://www.investopedia.com/terms/c/ceo....z2N1OvGMHy