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What do CEO, CFO, COO and CTO stand for?
1. In an economic organization, the chief executive officer (CEO for short) is the highest administrative official in charge of daily affairs in an enterprise, also known as the administrative secretary, CEO, general manager or CEO.
2.CFO (Chief Financial Officer) is the inevitable product of the development of corporate governance structure to a new stage. The governance structure without CFO is not a perfect governance structure in the modern sense. From this perspective, China should also set up CFO and other positions to build its own governance structure.
3. The Chief Operating Officer (COO) is an official who formulates the long-term strategy of the enterprise and supervises the implementation of the general manager of each branch. Mainly responsible for the daily operation of the company and assisting the CEO.
4. CTO (Chief Technology Officer) English Chief Technology Officer, that is, the highest person in charge of technology in the enterprise. This name began in the United States in the1980s, and it is very popular in large companies that have done a lot of research, such as General Electric, AT & amp; T, ALCOA, whose main responsibility is to turn scientific research results into profitable products.
Extended data
The CEO is responsible to the company's board of directors and is usually a member of the board. Have the ultimate executive power within the company or organization.
In a relatively small enterprise, the CEO may be the chairman and president of the company at the same time, but in a large enterprise, these positions are often held by different people, which can prevent individuals from playing too big a role and having too much power in the enterprise, and at the same time prevent conflicts of interest between the company itself and its owners (that is, shareholders).
The chief executive officer's main responsibilities are:
(1) Appoint and remove the manager.
(2) Implementing the resolutions of the board of directors;
(3) Preside over the daily business activities of the company;
(4) under the authorization of the board of directors, sign contracts or handle business with foreign countries.
Baidu encyclopedia -CEO
Baidu Encyclopedia-CFO
Baidu encyclopedia-chief operating officer
Baidu Encyclopedia-Chief Technology Officer
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