chairman


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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.

chairman

The highest-ranking executive in a corporation. The chairman leads the board of directors in setting broad corporate goals and determining if managers are, in fact, pursuing and achieving those goals. In large corporations the chairman is not ordinarily involved in day-to-day operational activities, although it is likely that he or she was the chief executive officer before attaining the position of chairman. In some corporations, the chairman also serves as the president and the chief executive officer. Also called chairman of the board. See also director.
References in periodicals archive ?
I had no expectation that I might become the Fed chairman," says Ferguson.
Thus, the chairman will need to find a chief who can provide integral assistance in finding a solution to simplify financial reporting for the preparer while still meeting the needs of the everyday investor--no small task.
One can well imagine that Chairman Greenspan drew lessons from the Japanese experience.
Speyer, president and chief executive officer, Tishman Speyer Properties, New York, New York, renamed deputy chairman.
Elton Gallegly, R-Oxnard, chairman of the International Relations Subcommittee on Europe.
In addition, the Compliance Office was busy working out the announcements of several more recalls--many of them toys and children's products, despite the lack of a CPSC Chairman.
Graf, formerly senior vice chairman of asset accumulation for American General.
The chairman also represents the organization as the principal public spokesperson.
The chairman of the [House appropriations] subcommittee on HUD was Democrat Edward Boland, but he was preoccupied with the war in Nicaragua.
Too much attention is paid, in my view, to the identity of the Chairman relative to the board's mandate and operating procedures.
Funk, Chairman and Chief Executive Officer, Express Personnel Services International, Oklahoma City, Oklahoma, renamed deputy chairman.
Resnick, chairman of The Real Estate Board of New York (REBNY) and chairman & CEO of Jack Resnick & Sons, Inc.