6.4 Position and Role of Chief Executive Officers

The CEO's role (the MD's modern twin): the executive's chief (the strategy's execution, the resources' allocation, the management-team's leadership); the board's information's source-and-proposer (the agenda's-and-the board-pack's owner (1.5's machinery) — the informed- board's-and-the CEO's-information-power tension); the public-and-market face (the investor's- and-the media's-and-the regulator's interface — the certification's-and-the disclosure's modern faces (Securities-Law's officers'-liabilities (LAW5409 U7.4))); the culture's-and-the tone's setter (the "tone-at-the-top" — the ethics-and-compliance's lived example); the MD-vs-CEO's Nepali practice (the titles'-and-the roles'-convergence — the Act's-MD-and-the practice's-CEO as the same-executive's two names (the exam's clarifying note)).