Chairman Of The Board

Business, Legal & Accounting Glossary

Definition: Chairman Of The Board


Quick Summary of Chairman Of The Board


The highest-ranking position in a corporation; the member of the board of directors who presides over board meetings. However, the chairman of the board may not always have the greatest actual authority; this is reserved for the Chief Executive Officer. Sometimes the title is honorary. In small companies, it is common for one person to hold several titles.



Full Definition of Chairman Of The Board


The Chairman of the Board is a senior corporate figure who presides over the board of directors. Much like other members of the board, the Chairman of the Board is elected by the company shareholders, and like the rest of the directorate, the Chairman of the Board is an active representative of the investors. In addition to being the highest officer in a corporation, the Chairman of the Board is responsible for overseeing the function of the board of directors, which includes presiding over the board meetings. The Chairman of the Board must also work closely with chief executive officers and other senior staff to ensure a smooth strategic operation of the company. Other duties of the Chairman of the Board may include devising business strategies and maintaining corporate integrity. A Chairman of the Board may or may not have executive authority. Typically, the Chairman of the Board is elected from the board of governors.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/chairman-of-the-board/
Modern Language Association (MLA):
Chairman Of The Board. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 09, 2020 https://payrollheaven.com/define/chairman-of-the-board/.
Chicago Manual of Style (CMS):
Chairman Of The Board. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/chairman-of-the-board/ (accessed: July 09, 2020).
American Psychological Association (APA):
Chairman Of The Board. PayrollHeaven.com. Retrieved July 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/chairman-of-the-board/

Definition Sources


Definitions for Chairman Of The Board are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th March, 2020 | 2 Views.