An executive officer has many duties.
Executive officers are responsible for implementing strategies to attain the long-term goals of a company. The appointment of an executive officer is usually made from within an organization via approval of the board of directors, but sometimes candidates are head-hunted by organizations based on proven success at other companies. Executive officers are appointed in all companies across all kinds of industries and are sometimes referred to as chief executive officers.
Main Responsibilities
An executive officer implements strategies to improve growth and revenue.
The main duty of an executive officer is to come up with new strategies to increase a company's growth and revenue streams. He is responsible for approving new company policies or core working practices and should provide clear leadership and direction to department heads, as stated on resumeobjectiveexamples.net. An executive officer is usually given a lot of scope to initiate changes but is also accountable to the board of directors of an organization. If the company is a publicly listed entity, the executive officer is answerable to shareholders.
The executive officer also plays a key administrative role as he needs to keep accurate records of important meetings and the schedule for the implementations of various corporate strategies. An executive officer will typically delegate much of this work to administrative assistants.
Resource Management
An executive officer ensures new strategies fall within budget.
An executive officer must efficiently manage a company's resources within set financial parameters and within the guidance of any laws or industry regulations. She recommends an annual budget to the board of directors for approval, manages human resources and authorizes the distribution of key personnel to relevant departments. An executive officer also liaises with department heads to assess the progress of any new projects and to identify whether further resources are needed to complete them on schedule.
Investment Role
An executive officer is responsible for securing new investment.
An executive officer is also tasked with securing future investment for a company by promoting its image through the media and potential business partners. An executive officer advises the board on interests or causes within the community and suggests ideas for improving the reputation of the company. If employed within a non-profit organization, an executive officer must research sources of new funding and implement strategies to approach individuals or organizations and secure new donations, as reported by the Free Management Library.
Communications Role
An executive officer informs stakeholders of progress with new strategies.
An executive officer meets with stakeholders to keep them up to date on the progress of any recent initiatives. An executive officer will work with directors and key committee members to arrange meeting agendas aimed at implementing strategies for the long-term growth of an organization. An executive officer is also responsible for nominating a chairperson for the board of directors and the company committee. He also has the power to approve absence requests and resignations from members of the committee.
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