The word "chairman" comes after the punctuation mark. There is a line for the CEO under the chairman's line. The same pattern is followed, except the title "Chief Executive Officer" substitutes "Chairman."
In American English, the title "chairman" is used only for corporate officers other than the chief executive officer (CEO). In British English, however, the title "chairman" can be used for anyone who has been elected to manage or direct a company or organization. Therefore, if there is no CEO, then the title "chairman" should be used instead.
In America, the president of a corporation is also called the chairman of the board. However, in Europe this role is usually assigned to another corporate officer, such as a chief executive officer or president.
In America, a person can become chair of the board of directors by being appointed to that position. A board may also choose someone who is not an official director but who acts as chair. This person might have been selected by the CEO to help him/her lead meetings or other events at which the board is expected to vote on issues before it.
In Europe, there is generally only one person who can be called "chairman", and he or she is usually the chief executive officer.
The Chairman's Office refers to the corporate management group (formerly known as the Management Committee) selected by the Board of Directors. The Office of the Chairman typically includes one or more Executive Vice Presidents and other senior officers who help the CEO lead the company.
In addition to its role in selecting the Chief Executive Officer, the Board of Directors also selects members of the Office of the Chairman. These individuals do not hold executive positions within the company but serve on the Board of Directors to give it a perspective beyond that of its members. They may also have expertise in specific areas relevant to the company's operations that can be brought to bear on the work of the Board. For example, if the company does business in several countries, then one or more directors might be chosen from outside the United States because they can provide insight into how foreign governments affect corporate decisions.
The Office of the Chairman usually includes at least one Executive Vice President and one other senior officer. Other possible members include the Chief Financial Officer, a General Counsel, a Human Resources Director, and others as deemed appropriate by the Board.
The Board sets the level of responsibility for each member of the Office of the Chairman. However, most companies choose to have their Executive Vice Presidents report directly to the CEO rather than the Chairman.
A chairman is an executive who is elected by a company's board of directors to preside over board meetings. A chairman frequently sets the agenda and has major influence over how the board votes. However, some boards elect other officers such as a president or CEO without voting on a chairman. There are two types of chairs: presiding and non-presiding.
Presidents often serve as chairmen of their companies' boards. They may have been appointed to this position by their corporate leaders or they may have taken office due to elections that were held among the members of the board. Appointments are usually for terms of one year but can be longer or shorter depending on the will of the shareholders through their votes at annual meetings. Presidents lead meetings and discuss business before them; however, they do not vote on any issue before them. Some boards make sure that their presidents understand the implications of certain decisions so they do not cause problems for the company in the future. Others let them decide what role they want to play.
Non-presidents can also serve as chairmen of their companies' boards. They may have been elected to this position by their company's shareholders through a vote at a special meeting called by the board or they may have been chosen by the board after they were hired.
The chairperson is the presiding official of an organized body such as a board, committee, or deliberative assembly. In other cases, where a board of directors appoints a president (or other title), the two names are used to refer to separate offices. The office of chairman is often but not always that of president of a company, organization, or club.
The word "chairman" is sometimes used interchangeably with "president," but this is incorrect. A chairman leads a meeting, makes decisions, guides discussion, etc. ; therefore, he or she is responsible for managing its affairs rather than simply presiding over it. The president is the chief executive officer of a company; therefore, he or she is responsible for running the business.
Chairmen usually but not always hold office as executives or managers of organizations; they may be elected by boards of directors or appointed by higher-ranking officials. Officeholders are expected to perform duties as assigned by their position without question or complaint. They are generally given a salary commensurate with that of other members of the board or management team.
In English law, the chairman of a company is usually but not always one of its directors. He or she may have been chosen by shareholders through the election of directors or appointed by the company's principal shareholder or owners. If there is more than one candidate for the post, then the shareholders vote on who should get the job.
And, when questioned, "Does a private firm board of directors require a chairman?" "No, but it requires a main director," I now reply. The lead director is in charge of managing the board of directors in collaboration with the CEO. In addition, the lead director assists the CEO in managing board meetings. The lead director may also have other responsibilities as assigned by the board of directors or company management.
The only requirement for being on the board of directors is that you must be an adult human being. There are no other qualifications necessary to serve on a board of directors. A board of directors is made up of people who are elected by shareholders or appointed by the corporation they represent. Shareholders can elect individuals to serve on their boards of directors or they can appoint persons to serve on their behalf. Appointments are usually made by written resolution of the board of directors but they can also be made by other methods such as executive appointment or nomination by shareholders.
Elections are held annually and sometimes more frequently if desired by the board of directors. Shareholders may vote directly on proposed amendments to by-laws or at annual meetings. They may also vote indirectly through proxy votes obtained by agents, attorneys, or banks.
A board of directors makes decisions on policies that will affect the business. These decisions are called directives. Directors must study documents such as corporate by-laws and resolutions to understand the company's governance structure and operating practices.