Executive officer: Difference between revisions

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In [[business]], executive officers are usually the top staff members of a corporation, the [[chief executive officer]] (CEO) being the best-known type. The definition varies; for instance, the [[California Corporate Disclosure Act]] defines "executive officers" as the five most highly compensated officers not also sitting on the [[board of directors]]. In many insurance policies, executive officer means, in the case of a corporation, any chairman, chief executive officer, chief financial officer, chief operating officer, president, or general counsel. In the case of a [[sole proprietorship]], an executive officer is the sole proprietor. In the case of a [[partnership]], an executive officer is a managing partner, senior partner, or administrative partner. In the case of a [[limited liability company]], an executive officer is any member, manager, or officer.
 
In [[Charity (practice)|charitycharities]]/, [[voluntary sector]]/s and [[Nonprofit organization|non-profit]]s, the executive officer(s)officers are those appointed to drive the day-to-day decisions of the organization. This is normally a formal appointment made by the executive board of trustees. Specific responsibilities and scope vary and are usually called out in a governance document.
 
== Military ==<!-- Section linked from [[Horus Heresy (novels)]] -->