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 ?
But she did not say that Washington would launch an effort to have Iran booted out of the chairmanship.
Well placed sources told on Sunday that coalition partners Awami National Party (ANP), Muttahida Qaumi Movement (MQM) and Pakistan Muslim League (PML) had forwarded their demands for the provision of chairmanship of committees.
The main tone of the Macedonian FSC chairmanship will after all be determined by the next Ministerial Council of the OSCE in Dublin, Ireland, in December this year and the efforts made for effective brokering in achieving consensus for taking important ministerial decisions.
Another priority of the French G-20 Chairmanship is the internationalization of the currencies of some developing states.
On top of that, Kostyantyn Gryshchenko said that Ukraine would specify its key elements of the upcoming chairmanship before 2013.
Describing a Select Committee chairmanship as one of the most important but least understood roles in Parliament, he said that to do it properly the chairman had to "always display complete impartiality.
The Republic of Macedonia has approached its Chairmanship of the Committee of Ministers with great enthusiasm, as its first experience of this kind.
In fact, four out of the five denied chairmanships were all legislators from L.
Two members of the Land Use Committee of the New York City Council have been confirmed, by a council staffer, to be the leading choices for chairmanship of the powerful body.
Welcoming Botnevik to his new role, Robert Milligan, president and CEO, said, "We are delighted that Frode Botnevik has agreed to take on the chairmanship of Verigen.
The Parliament has ended its session today (Tuesday) by voting to decrease the salaries of the Three Chairmanships, including the salary of the President, the Ministers, but excluded the salaries of the Legislatures," Shilah told Aswat al-Iraq news agency.
The priorities of the Council of Europe next year and the role this organization plays in promoting human rights, democracy and the rule of law, as well as Macedonia's forthcoming Chairmanship of the Committee of Ministers from May to November 2010 were the topics discussed by Macedonian Foreign Minister Antonio Milososki, the newly elected Secretary General, Thorbjorn Jagland, and the President of the European Court of Human Rights, Jean-Paul Costa, on 20 October.