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 periodicals archive ?
NAA Past Chairmen of the Board Jim Hepfner, CAPS, Shamrock Management Services, and Ron Shelton, CAPS, CPM, Amalgamated Management Company Inc., were Installing Officers.
The winners of the membership of OCCI will meet at the OCCI headquarters with the chairmen of the boards of branches in the governorates on Sunday, to elect by secret ballot chairman of the board and two deputies and two other members to form the five Executive Committee.