Yep basically the CEO is doing day to day work then goes to the board every month and says look at these numbers how great am I!
A CEO would also take advice and guidance from the Board, especially in relation to the overall strategy of the business and how some specifics might be implemented.
In the context of Parra Eels for example, the Board
MAY have been guiding the CEO regarding steering away from TPAs for a few years in order to let the dramas of 2016 settle down, however they
MAY have recently decided that introducing possible TPA providers to players (managers) within the rules of the NRL is now a practice we are okay with. In fact a Board member or two,
MAY have even approached some previous TPA providers to determine how they structured the TPAs to pass NRL rules.
Another example is that they
MAY have determined that although the Head Coach can request the players he wants, the financially responsible thing to do is have a recruitment and retention committee that signs off on new signings to ensure we don't get into Salary Cap trouble again. They
MAY have then instructed the CEO to put that structure in place and he would be responsible for doing so.
Of course, I don't remember any of my mates getting a members email that says any of the above is actually true, so it is just my assumptions.