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 ?
We have been fortunate so far that the dollar decline has been orderly, but the next Fed Chairman must be exquisitely sensitive to effectively managing a dollar decline.
Neither Republican nor Democratic administrations will ever be entirely comfortable with the tax increases and spending reductions necessary to consistently manage our nation's finances responsibly, and hence the next Fed Chairman must be willing to use that particular bully pulpit to make the President and Congress squirm on this issue.
Gallegly may seek to move up to chairman of the full House Resources Committee when the 108th Congress convenes in January.
When I left public accounting, FEI was the first organization I had in mind to join," recalls Frank Borelli, last year's FEI chairman.
Not least important, the chairman must possess acute political sensitivity and an instinct for anticipating problems of a political nature not only with regard to the Securities and Exchange Commission, other government agencies and the Congress but also with regard to conflicting needs and wishes within the private sector.
The Audit Committee chairman receives an additional $20,000, while the Compensation Committee chairman receives $4,000.
The chairman of the [House appropriations] subcommittee on HUD was Democrat Edward Boland, but he was preoccupied with the war in Nicaragua.
After a while, the CEO moves up, or the chairman moves on, or the CEO moves out.
After 17 years as either a chairman or president of a retailing organization - first at Rich's and then Federated - Zimmerman is recognized as possessing a unique balance of strategic and tactical capabilities, and has emerged as a visionary in the industry-wide movement toward department store consolidations and improved profitability, backed by more efficient merchandising systems and advances in retail technology.
In addition to serving on the Vanstar board, he is a member of the board of directors of Unocal Corporation and past chairman of the Toy Manufacturers of America.
Before setting up his own company with Daniella Luxembourg, de Pury worked at Sotheby's where he was Chairman of Sotheby's Europe and the group's Chief Auctioneer.
Bell appointed him chairman of the National Commission on Excellence in Education, whose 1983 report, A Nation at Risk, helped spark the national effort to improve and reform schooling in the United States.