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 generally consider that during our Chairmanship we have actively furthered the CoE principles and values and have contributed to the reform process of the organization launched by the Secretary General.
The other top issues that Ukraine has selected as priorities during its chairmanship have been the protection of children's rights and the strengthening and development of local democracy.
After the parliament speaker is elected, Chairmanship Council is set up and the new government is formed, the government will read out its program at the parliament.
There are three proposals about the model of chairing to replace the present six months: 8-month chairmanship by alphabetical order, the model of the OSCE with one-year chairmanship for which the member states would apply and a 6-month chairmanship with a presidential trio made up of the previous, current and future chairing country.
The Republic of Macedonia is the next Contracting Party to hold the Chairmanship for a period of 6 months.
The Council of Europe (CoE) has seen many developments since the Slovenian Chairmanship of the Committee of Ministers in 2009.
Summary: Rabat - A conference on security in the Mediterranean opened, Tuesday in Rabat, under the chairmanship of Morocco's Foreign minister Taib Fassi Fihri.
Ghazi Suleiman, a former SPLM member had resigned today from the chairmanship of the Legislation and Justice Committee at the National Assembly.
MP Abed Mutleg al-Jobouri held the parliament chairmanship and the sides, that did not discussed the article rejected by the Vice President Tariq al-Hashimi, responsible for elections law crisis.
It's understood that a change of guard at the CyBC is inevitable, with DIKO set to lose chairmanship of the state broadcaster.
ASTANA, Kazakhstan, December 3 /PRNewswire/ -- Kazakhstan will become a member of the OSCE Troika in 2009, before taking the chairmanship of the organization in 2010.
Summary: Egyptian billionaire Naguib Sawiris is leaving the chairmanship of Egyptian mobile operator ECMS, the company said on Sunday.