Glossary
C-Level Jobs
Meaning & Definition
C-level jobs represent the highest level of authority within an organisation and generally hold titles that begin with chief. As such, they are in charge of developing a company’s overall strategy, establishing important operational decisions, and facilitating sustainable growth over time. Types of C-level positions are Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), Chief Technology Officer (CTO), and Chief Human Resources Officer (CHRO).
Significance of C-Level Jobs
- Provides vision and leadership to the organisation.
- Promotes the development of new markets, the growth of current operations, and the improvement of the quality of service.
- Creates an environment that contributes to the development of the organisation’s culture, values, and ethical standards.
- Participates in high-level decisions about major initiatives, such as mergers and acquisitions, and other significant changes in the organisation.
- Approves policies, budgets, and decisions regarding employment and retention.
Legal Compliance / Policy / Regulation
- Legal compliance with the Companies Act 2013 will apply when appointing an executive at the C-level in your Company.
- These contracts define the role, authority, pay, and conditions for termination of employment for Executive employees.
- All payments must be approved and disclosed as necessary by the board of directors of the Company.
- In addition to complying with the legal requirements associated with C-level executive pay, C-level executives will also be taxed for income tax, TDS, and benefits.
- All C-level executives are held to the highest standards of governance and ethics, specifically in regard to directors and executive management.