tegevjuht

Tegevjuht is the Estonian term for the chief executive officer or executive director of a company. The title denotes the person responsible for the day-to-day management and operational leadership of the business, and for representing the company in most external matters, unless the articles of association or law limit the powers.

The tegegvjuht's duties typically include implementing the strategy approved by the governing body, supervising day-to-day operations, managing staff and finances, overseeing risk management and compliance, and preparing reports for the board or shareholders. The role often involves coordinating with other managers, monitoring performance, and ensuring that the company adheres to applicable laws and regulations.

Appointment and removal are governed by the company's articles of association and relevant law. The tegegvjuht is usually appointed by the board or the shareholders’ meeting and can be dismissed under terms set out in the articles or the employment contract. The duration of the appointment is commonly defined in the corporate documents or employment agreement.

Powers and representation are defined by the articles of association and any power of attorney granted. The tegegvjuht typically has authority to sign contracts and perform ordinary business transactions on behalf of the company, though certain acts may require approval from the board or another authorized signatory. In some organizations, the tegegvjuht acts in conjunction with other directors, depending on the internal governance rules.

In practice, the tegegvjuht is a central figure in corporate governance, bridging strategic oversight and operational execution. The exact scope of duties and authority varies by company form, contract, and corporate regulations, and is outlined in the articles of association and applicable Estonian law, such as the Business Code.