Chair of the board

(redirected from Chairmen of the Board)

Chair of the board

Highest-ranking member of a Board of Directors, who presides over its meetings and who is often the most powerful officer of a corporation.

Chair of the Board

In a publicly-traded company, the highest ranking member of the board of directors. The chair is elected by the board, presides over meetings, and acts as a liaison between management and shareholders. The chair has the responsibility to ensure that the company's policies are being properly enforced to benefit shareholders. As such, he/she guides the board in establishing general policies for the organization, including dividend policies, and hiring or firing major executives. He/she is answerable to shareholders for his/her decisions, but is, in general, the most powerful officer in the company.
References in periodicals archive ?
as Vice Chairmen of the Boards, of both the Company and the Bank, at meetings held on April 14, 2004.