Chairman

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Chairman

Chairman (/ˈtʃɛərmən/), also known as chairperson or chair, is a significant title in an organization, particularly corporations. The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly.

Etymology

The term "chairman" is derived from the practice of the person presiding over a meeting in the Western world, where the person sits on a chair. The term "chair" is sometimes used in lieu of "chairman".

Role

The chairman presides over meetings of the assembled group and conducts its business in an orderly fashion. When the group is not in session, the chairman often represents it to the outside world and sometimes makes decisions on its behalf.

Related Terms

  • Board of Directors: A group of individuals that are elected as representatives of the shareholders to establish corporate management related policies and to make decisions on major company issues.
  • CEO: The chief executive officer (CEO) is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company.
  • Corporate Governance: The system of rules, practices, and processes by which a firm is directed and controlled.
  • Executive Director: An executive director is a member of a board of directors for an organisation, but the meaning of the term varies between countries.

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