What is co-CEO in SAP ORG-LX-T9N - Team: Corporate Translation?

SAP Term: co-CEO

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: One of two people who share the job of chief executive officer in a company.

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• Key Concepts: 
  A co-CEO is a type of corporate leadership structure in which two people share the role of chief executive officer (CEO). This type of arrangement is often seen in large companies, where the two CEOs are responsible for making decisions and managing the company together. The co-CEOs may have different areas of expertise or focus, or they may have complementary skills that make them a strong team. 
  
  How to use it: 
  The co-CEO structure can be used to provide a balance of skills and perspectives in the leadership of a company. It can also help to ensure that decisions are made with input from both sides, and that no one person has too much power. The co-CEOs should work together to set goals and strategies for the company, and to ensure that all decisions are made in the best interests of the company. 
  
  Tips & Tricks: 
  When setting up a co-CEO structure, it is important to ensure that both CEOs have equal authority and responsibility. It is also important to set clear expectations for how decisions will be made and how conflicts will be resolved. Finally, it is important to ensure that both CEOs have access to the same information and resources so that they can make informed decisions. 
  
  Related Information: 
  The co-CEO structure is not the only type of corporate leadership structure available. Other options include a single CEO, a board of directors, or a combination of these structures. Each type of structure has its own advantages and disadvantages, so it is important to consider all options before making a decision.