CURRENT AFFAIRS

Detailed explanation-1: -The chief executive officer (CEO) is the highest-ranking person in a company. While every company differs, CEOs are often responsible for expanding the company, driving profitability, and in the case of public companies, improving share prices. CEOs manage the overall operations of a company.

Detailed explanation-2: -Any officer of the company may be appointed/ designated as CEO of the Company. Further, the CEO who is not a director may be appointed by the Board of Directors. He need not be appointed by the Shareholders of the Company nor his appointment is subject to shareholders’ approval, unless he is a Director of the Company.

Detailed explanation-3: -The board of directors usually selects the CEO, who is the highest-level person, while a business owner is typically the founder, considered the sole proprietor and entrepreneur who owns most or all the company, and in charge of all business functions.

Detailed explanation-4: -CEO Designee means any employee of the Company or its wholly-owned subsidiaries designated by the Chief Executive Officer in writing to participate in the Plan, and then ratified by the Compensation Committee.

Detailed explanation-5: -CEO is an executive position in a company and the owner of the company is different. Although some owners are often CEOs of their company in the initial stages of the company.