Silver, the power of attorney does not shift any responsibility to the CEO, he is simply authorized by the POA to sign the document for the others, when they instruct him that they are satisfied with the document. The others maintain their original responsibility for what they have contributed to the document or for what the law requires of their position.
It simply streamlines the approval process for the document and makes it easier to submit documents without delays due to rounding up signatures from people in other locations.
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