Both the CEO and the board of directors play important roles in making decisions for a company, but their responsibilities and decision-making authority differ.

The CEO is the top executive of the company and is responsible for managing the day-to-day operations of the business. The CEO has the authority to make operational decisions, set the company's strategic direction, and manage the company's resources. The CEO is ultimately accountable to the board of directors for the company's performance.

The board of directors, on the other hand, is responsible for overseeing the management of the company and making high-level decisions that affect the company's overall direction and performance. The board sets policies and strategies, approves major initiatives and investments, hires and evaluates the CEO, and monitors the company's financial performance and risk management. The board also ensures that the company is operating in compliance with legal and regulatory requirements.

In summary, while the CEO makes operational decisions and manages the day-to-day operations of the company, the board of directors sets the company's strategic direction and oversees its performance, with ultimate accountability to the shareholders.