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 ?
Johnson, who served as vice Chairman of the Federal Reserve from 1986 to 1990.
As chairman of the House Ways and Means Committee, he wields considerable influence over all tax issues.
This process started several years ago, Bill explains, with Jim Clark, FEI's chairman for 1994-95, who openly addressed some tough issues facing FEI.
Among the trustees are chief executive officers of the largest public accounting firms, the former comptroller general of the United States, a former vice-chairman of the Federal Reserve, a former chairman of the Securities and Exchange Commission, senior executives of some of the major financial institutions of the United States.
The chairman of the Audit Committee receives an additional $7,500 annually.
Well, the chairman of the House committee was none other than Fernand St.
They are being asked aggressively by institutional shareholders, shouted shrilly by stockholder organizations and proffered seriously by all kinds of pundits who feel that an independent chairman may help to curb excessive executive compensation, abuse of perquisites, board domination and egotistical or aberrant CEO behavior that damages the corporation.
The Annual General Meeting resolved the Board of Directors' fee for 2006 as follows: A fixed amount of KSEK 3 850 will be distributed with KSEK 1 350 to the Chairman of the Board, KSEK 500 to the Vice Chairman, and KSEK 400 each to the other Board members.
Lord Powell of Bayswater will remain as Chairman of the Advisory Board, while also taking on additional responsibilities at LVMH by becoming Chairman of LVMH (UK) and adviser to LVMH's Chairman.
Erburu, who was named chairman emeritus after having completed his third four-year term on the board and seven years as chairman on June 30.
Lundgren, 44, has been chairman of the company's New York-based Federated Merchandising and Product Development division since February 1994.