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What do CEO, CFO and COO stand for respectively?

1, CEO stands for CEO. He is the highest administrative official in charge of daily affairs in an enterprise, who is in charge of enterprise administrative affairs, also known as secretary of administration, chief executive officer, general manager or chief executive officer. In political organizations, the CEO is the head of the government, equivalent to the highest-ranking official in charge of administrative affairs at the level of chairman of the Council of Ministers, prime minister, prime minister, cabinet, president of the Executive Yuan and chairman of the government.

2. CFO stands for Chief Financial Officer. It is the inevitable product of the development of corporate governance structure to a new stage. The governance structure without CFO is not a perfect governance structure in the modern sense.

From this perspective, China should also set up CFO and other positions in its governance structure. Of course, in essence, the real meaning of CFO in modern governance structure is not the change of its name and the granting of official positions, but the acquisition of its responsibilities and authority and the real play of its role in management.

3, COO stands for Chief Operating Officer. It is the official who formulates the long-term strategy of the enterprise and supervises the implementation of the general manager of each branch. Mainly responsible for the daily operation of the company and assisting the CEO's work. Be responsible for the CEO and the operation and management of the enterprise. COO serves as president in some companies, but they are usually standing or senior vice presidents.

Extended information:

In foreign countries, CEO appeared on the basis of the establishment and mature operation of corporate governance structure. Since 198s, with the global business expansion of multinational companies, information exchange within enterprises has become increasingly busy. Due to the information transmission block and communication barrier between the decision-making layer and the executive layer, the managers' quick response and execution ability to major decisions of enterprises are affected, and some enterprises begin to reform the traditional corporate governance structure of board of directors-chairman-general manager.

CEO is one of the products of this change. In a sense, its appearance represents the transition of some decision-making power in the hands of the original board of directors to the hands of the original management. The CEO is neither the general manager nor the president, and his power is very great, 4% ~ 5% of which is the power of the chairman. The board of directors becomes a small board, and its main function is to select, evaluate and formulate the CEO-centered management and its salary system. Although the CEO is not the investor of the enterprise, he has the right to make the final decision on major decisions.

in foreign countries, the constraint on CEO is not mainly the board of directors, but an organization called the strategic decision-making Committee in the enterprise, which is the main authority to support or deny the CEO's business decision. In many countries, most of the people who make up strategic decision-making committees are not people in enterprises, let alone investors in enterprises, but famous people who are engaged in business management, economics, law and other fields in society. Therefore, it is human capital that controls the enterprise, not the investor, whose interests are only reflected in the return of property rights.

The reference source is Baidu Encyclopedia --CEOCFOCOO.