Receivership is an extraordinary remedy, the purpose of which is to preserve property during the time needed to prosecute a lawsuit, if a danger is present that such property will be dissipated or removed from the jurisdiction of the court if a receiver is not appointed.
A corporate officer is a high-level management official of a corporation or an unincorporated business, hired by the board of directors of a corporation or the owner of a business, such as a president, vice president, secretary, financial officer or chief executive officer (CEO).
The Chief Executive Officer (âCEOâ) is responsible for leading the development and execution of the Companyâs long term strategy with a view to creating shareholder value. The CEOâs leadership role also entails being ultimately responsible for all day-to-day management decisions and for implementing the Companyâs long and short term plans. The CEO acts as a direct liaison between the Board and management of the Company and communicates to the Board on behalf of management. The CEO also communicates on behalf of the Company to shareholders, employees, Government authorities, other stakeholders and the public. More specifically, the duties and responsibilities of the CEO include the following: 1. to lead, in conjunction with the Board, the development of the Companyâs strategy; 2. to lead and oversee the implementation of the Companyâs long and