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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
- a person who organizes and runs a committee, drawing up the agenda for each committee meeting, ensuring the orderly conduct of the meeting and approving the minutes or records of the meeting.
- a person who organizes and runs the BOARD OF DIRECTORS of a JOINT STOCK COMPANY. See DIRECTOR.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson