Chairman of the Board

   

Definition: the Chairman of the Board is the highest-ranking corporate officer. His formal function is to preside over board meetings.
In countries with a one-tier board structure (USA, UK, Ireland, Canada, Spain, Japan) the Chief Executive Officer normally also holds the position of Chairman of the Board. He then heads the (combined) Board of Directors.
In case of a two-tier board structure (Germany, Austria) there are two boards: the Board of Directors and the Supervisory Board. In this corporate governance system, the CEO is only the chairman of the Board of Directors, but not of the Supervisory Board.


   

   

More on the chairman of the board.
More on corporate governance: Agency Problem, Belief System, Board of Directors, Boundary System, CEO Duality, more...



   

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.





© 2021 MBA Brief - Last updated: 12-4-2021  -  Privacy   |   Terms