Andi Agus Salim

he chief executive officer (CEO) is the top position in an organization and responsible for implementing existing plans and policies, improving the company’s financial strength, supporting ongoing digital business transformation and setting future strategy.

The CEO is ultimately responsible for the company’s success or failure and oversees its various functions, including operations, finance, marketing, sales, human resources, legal, compliance and technology, while balancing the needs of employees, customers, investors and other stakeholders.

The CEO title most often applies to for-profit businesses whose size in terms of employee numbers or revenue justifies this top position. Some nonprofit organizations also choose to have their most senior person hold the CEO title. Business laws influence whether the title CEO is appropriate within an entity. Corporations, by law, must have CEOs, other chief officers and boards of directors. A limited liability company (LLC) can structure itself like a corporation and have a CEO, but it’s not required by the laws governing LLCs.

Additionally, some business and nonprofit entities can have their top leader fulfill the duties of a CEO yet opt for other titles such as president or executive director.

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