Chief executive officer (CEO) is the position of the most senior corporate officer, executive, leader or administrator in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (e.g., Crown corporations). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues, or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc. Titles also often given to the holder of CEO position include president, chief executive (CE), executive manager (EM), managing director (MD) and representative director (RD) (in Japan). In the early 21st century, top executives typically had technical degrees in science, engineering, or law. As of March 2018, there were 26 female CEOs of S&P 500 companies, approximately 5%.
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