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 ?
Anne Riggs, NE Regional Chair - Regional Chair term expires December 31, 2014
Even with the wooden chair revival, Kousa says he charges LL7,000 for one.
Vice Chair: Jan Marcason, council member, Kansas City, Mo.
Some organizations have great difficulty with succession planning because the board chair leaves right after his or her term is up and takes a "break" from or completely departs the board.
The 82-year-old former deputy headteacher said it was not the first time he had won two chairs in once evening.
In most cases, the lead director is at an organization that has a CEO chair. The role varies, but typically includes activities such as development of board agendas and involvement in board operations.
The university would meet half of the SR10-million fund for the chair, the Saudi Press Agency reported yesterday.
Women and Children's Health Chapter Chair, Nydia Harter
In 1999 I was flabbergasted to receive a call from Margaret inviting me to chair this wonderful committee.
Melanie Acklin, Osborn & Bart, MoKan Programs Chair