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CEO/MD

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › CEO/MD

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • October 20, 2017 at 11:03 pm #412720
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Hello

    CEO actual authority is granted through BOD or through AOA?

    October 21, 2017 at 6:40 am #412736
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    CEO is appointed to the position by the other directors

    It is assumed (implicit within the position) that the CEO has power to do anything and everything with reference to the entity’s affairs

    IF there is something within the constitution that is prohibited or IF the board of directors has resolved to limit those powers, then that’s a possibility … but rare

    OK?

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  • The topic ‘CEO/MD’ is closed to new replies.

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