Chief Executive Officer Law and Legal Definition

A chief executive officer of a corporation is the officer who is primarily responsible to carry out the strategic plans and policies as established by the board of directors. In a corporation, the chief executive reports to the board of directors. In a form of business that is usually without a board of directors (sole proprietorship, partnership, etc.), the "chief executive officer" is usually the member that sets the direction and oversees the operations of an organization. It is the highest-ranking executive officer within a company or corporation, who has responsibility for overall management of its day-to-day affairs.