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Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

The CEO, or Chief Executive Officer, is the highest-ranking executive in a company and is responsible for leading and overseeing its overall direction and operations.

The CEO's primary role is to provide strategic vision, set goals, and make decisions that ensure the company's long-term success. They also have the crucial responsibility of building and maintaining relationships with stakeholders, including shareholders, customers, employees, and partners.

Objectives​

Provide vision and guidance as well as to help manage relationships with key stakeholders, including the board of directors, employees, investors, customers and suppliers. The CEO must also be able to translate the company’s strategy into actionable goals for employees, who then execute those plans.

Challenges​

  • Balancing board expections, customer expectations, and regulatory requirements
  • Uncertain economic growth
  • Enterprise resiliency

Open Source Engagement​

A CEO should understand why the organisation is pursuing an OSS strategy in first place (e.g. whether to attract talent, as a product development strategy or to improve developer experience).

Internal Stakeholders​

Works closely with the entire C-Suite especially the Chief Operating Officer, and reports to the Board.

Calls To Action​

  1. Read the Survey Report "The State of Open Source in Financial Institutions"

  2. Watch recorded presentations from the 2022 FINOS Open Source Strategy Forum

  3. Attend the FINOS Member Meetings and OSFF events

Expected Activities​

Leveraging Open Source as a Strategy

OSMM Level 5 is about Strategy. At this level, you seek to make decisions that shape the technology landscape in your favor to create new opportunities.

Managing Open Source Talent

Managing talent in financial institutions is crucial because the quality, motivation, and expertise of their workforce directly influence the institutions' ability to innovate, maintain a competitive edge, comply with regulatory requirements, and ultimately drive financial performance and growth.

Further Reading​