The No. 1 job of any CEO is to own the organization’s vision and values. This is the one job the CEO cannot delegate. Additionally, as VF’s former CEO, Rob Gregory explains, CEOs must own their organizations’ strategic, organizational and operating processes. While most of the actual work in these areas is delegated, CEOs retain ultimate accountability because they are the critical points of integration between owners or boards and organizations. The best CEOs deploy differential delegation based on the strength of their team and complexity of their situation.