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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.
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 APC chairman said the House of Representatives had 96 committees and that all re-elected members of his party would chair strategic committees, adding that 'even new members will chair committees this time around.'
Sheikh Tahnoun bin Zayed Al Nahyan shall be the Chairman of the Committee and H.H.
Addressing media here, Bilawal said the PPP's candidate for the post of Senate chairman will be Sanjrani and for deputy chairman's seat, the party will field its own senator Saleem Mandviwala.
Speaking to media after the meeting, PML-N leader Mushahid Ullah Khan said the ruling party has achieved majority votes to clinch the top positions of the chairman and deputy chairman of the Senate.
Morris will serve as the ACLI's chairman of the board for one year.
The bankers, who have earned this award in the past, include Punjab National Bank chairman K.R.
The outpouring of appreciation and admiration for Chairman Greenspan's work from the domestic and international economic policy and academic communities could have filled this magazine.
PIRG and CU closed by saying that, "We fear that as Chairman of the CPSC, she [Gall] will likely abandon the critical role this agency has played for the past 7 years, and was created to play: protecting consumers from hazards caused by unsafe products."
The Vice Chairman for Control and the Foreign Companies and the (upstream producing) Joint Ventures since November 1999 is Eng.