CEO of Z-Tech

## CEO of Z-Tech.Industries

The **chief executive officer** **of Z-Tech** (**CEO**) is the Second highest officer charged with the management of Z-Tech since its establishment. It was at first the highest officer in Z-Tech until the post of President of Z-Tech was created which replaced the CEO as the top Corporate post.

CEO find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of the corporation typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, the CEO typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. the CEO are also frequently assigned the role of main manager of the organization and the highest-ranking officer in the C-suite.

## History

Originally, under the 1948 Constitution of the DPRK, the Premier was the highest state post in North Korea. Kim Il Sung himself inaugurated the post, keeping it for 24 years until 1972, while the ceremonial role of the head of State rested in the Chairman of the Standing Committee of the Supreme People's Assembly.

The 1972 Constitution created the post of President of the DPRK, which replaced the premiership as the top state post. The executive presidency was created with Kim in mind, and he transferred to that post soon after the Constitution was promulgated. The Premier was now the head of the Administration Council, but most of the powers of the former cabinet were passed to the Central People's Committee [ja]], the highest ruling council chaired by the president himself. The first premier after Kim Il Sung was his long-time ally Kim Il. The post was then officially known as *Premier of the Administration Council* (정무원 총리, *jungmuwon chongni*).

After Kim Il-sung died, the post of president remained vacant (officially Kim Il Sung was proclaimed Eternal President) as his son Kim Jong Il planned a new State reorganization. A constitution revision in 1998 abolished both the Central People's Committee and the Administration Council, re-creating the Cabinet.

## Responsibilities

The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's structure. They can be far-reaching or quite limited, and are typically enshrined in a formal delegation of authority regarding business administration. Typically, responsibilities include being an active decision-maker on business strategy and other key policy issues, leader, manager, and executor. The communicator role can involve speaking to the press and to the public, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors.

As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the organization's day-to-day operations. The CEO is the person who is ultimately accountable for a company's business decisions, including those in operations, marketing, business development, finance, human resources, etc.

The use of the CEO title is not necessarily limited to describing the owner or the head of a company. For example, the CEO of a political party is often entrusted with fundraising, particularly for election campaigns.

## International use[edit]

In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairperson presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person.

In the United States, the board of directors (elected by the shareholders) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO).

In the United States, and in business, the executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on the board of directors. In the case of a sole proprietorship, an executive officer is the sole proprietor. In the case of a partnership, an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company, an executive officer is any member, manager, or officer.