What is a key responsibility of the Chief Executive?

The key responsibility of the Chief Executive is to make major decisions and manage operations. This role focuses on the overall strategic direction and operational efficiency of the organization. The Chief Executive, often referred to as the CEO, is tasked with setting goals, developing strategies to meet those goals, and ensuring that the organization functions effectively towards achieving its objectives.

Making major decisions involves evaluating and choosing the best courses of action for the organization, whether it be in areas such as resource allocation, investments, product development, or market expansion. Additionally, managing operations encompasses overseeing daily activities and ensuring that the different departments work in harmony to fulfill the company’s vision and mission.

The other choices reflect important functions in a corporate environment but do not encompass the primary responsibilities of the Chief Executive. Supervising board meetings is generally a function of the Chairperson. Ensuring compliance with codes falls within the responsibilities of compliance officers or governance roles. While engaging with shareholders is critical, it is typically performed in collaboration with other executives and often more by the CFO or investor relations teams. Thus, the Chief Executive's primary focus remains on overarching decision-making and operational management.