They’re supposed to be the one that lead the company to become better and bring in changes, and take the fall if something happened. They make decision for the company. But often its result in someone of nepotism/cronyism background with the boards and just sit there being useless, or someone the board of directors merely bring in to take the fall. The position itself is very useful for small private limited company, as the founder might not have the expertise to lead and inspire confidence from the worker.
They’re supposed to be the one that lead the company to become better and bring in changes, and take the fall if something happened. They make decision for the company. But often its result in someone of nepotism/cronyism background with the boards and just sit there being useless, or someone the board of directors merely bring in to take the fall. The position itself is very useful for small private limited company, as the founder might not have the expertise to lead and inspire confidence from the worker.