An organization is the sum of its parts.  Of course the Chief Executive Office has power and knowledge, but usually that person has influence but just one vote.  The President of the Board usually has control over what is discussed and knowledge about what the topics of discussion should be, or the agenda of a meeting, and that takes a great deal of knowledge, but again that person has one vote.  The treasurer can influence how the funds are spent and he has financial knowledge, or at least he or she can direct what is suggested to the board about the flow of funds in a company, and that is a headache job with, you guessed it, just one vote. The other officers, Vice President of Operations, Board Secretary, all have knowledge or they would not hold that position but still they only have one vote.  The bottom line is that THEY ALL ANSWER TO THEIR STOCK HOLDERS AND THE OWNER OR OWNERS OF THE CORPORATION.  You could say then, that they all possess knowledge, but the owner and stock holders have the final word.  Knowledge is power, but with an organization, those who were smart enough to hold the stock (the votes) have equal power with the OWNER in most instances.