the position Managing Director or Chief Executive Officer (CEO), s198C of Corporations Act, 2001 can be referred to, however it does not provide an exact definition. According to s198C, the CEO plays a crucial role on the board of directors of an organization, since being the most senior employee in the organisation, the CEO in not only accountable for all its operational activities, but has the same stewardship, monitoring and strategic responsibilities as other board directors. “The CEO should be…
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