Chair of the board

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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 classic literature ?
Thorndike had moved into a chair nearer to the rail, and from time to time made a note upon the back of an envelope.
Well, child," said Grandfather, patting Clara's cheek, "I can tell you a great many stories of my chair.
Once more he was swung into position by his tail, jabbed in the chest, and lowered suddenly on the run--but so suddenly, with a frantic twist of his body on his part, that he fell violently across the chair on his belly.
Well," said Tom, slowly undressing himself, and staring at the old chair all the while, which stood with a mysterious aspect by the bedside, "I never saw such a rum concern as that in my days.
Then there was a lovely breathless silence and the chair wheeled on.
Adam took his chair again mechanically, and Bartle, for whom there was no chair remaining, sat on the bed in the background.
He put his arms round the rag-bound horror as he spoke, and dropped him into a chair.
She changed her position, leaning forward to bend her head above her work, so that he saw only the foreshortened tip of her nose and the streak of red in her hair; then she slipped to her feet, saying "I can't see to sew," and went back to her chair by the lamp.
And we would all have to go down on our knees and grovel for it, while he would stand on the chair, and grunt, and want to know if he was to be kept there all the evening.
During this interval Pierre noticed that Prince Vasili left the chair on which he had been leaning, and- with air which intimated that he knew what he was about and if others did not understand him it was so much the worse for them- did not go up to the dying man, but passed by him, joined the eldest princess, and moved with her to the side of the room where stood the high bedstead with its silken hangings.
The chair towards which he looked so eagerly was occupied.
Armed with this ominous letter of introduction, I kicked a chair down against the folding-doors, by way of giving a preliminary knock to arouse the housekeeper's attention.