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Definition

The leader of a company's board of directors. The CEO is in charge of and responsible for everything that happens in the company. However, according to the Companies Act, he is just another director and carries no additional responsibilities or obligations than the other directors (even the alternate directors and non-executive directors). The CEO is normally the most highly paid director - because of his authority and responsibility. Mostly, the financial statements of the company (interims and final) will be signed off by the CEO and he is responsible for what they contain.

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