What Is a Key Employee?

A key employee is an individual who makes a significant contribution to the success of a business. Key employees are typically senior managers or executives who have a deep understanding of the company’s operations and strategy. They may also have unique skills or knowledge that are essential to the business. Key employees are often vital … Read more

Chief Risk Officer (CRO).

The Chief Risk Officer (CRO) is responsible for identifying, managing and monitoring the risks faced by the company. The CRO works closely with the Board of Directors and executive management to ensure that the company’s risk management policies and procedures are effective. The CRO is responsible for ensuring that the company complies with all applicable … Read more

Least-Preferred Coworker Scale.

The Least-Preferred Coworker (LPC) scale is a measure of an individual’s interpersonal style. The scale was developed by psychologist Robert R. Blake and his colleagues in the late 1950s and has been widely used in research on leadership and organizational behavior. The LPC scale consists of a series of statements about how the respondent prefers … Read more

Chief Legal Officer (CLO).

The Chief Legal Officer (CLO) is the head of the legal department in an organization. The CLO is responsible for managing the legal affairs of the organization and providing legal advice to the Board of Directors, management, and employees. The CLO oversees the work of the legal department, including hiring and managing lawyers, developing and … Read more