The chairman or chairperson of the board holds the highest authority within the board of directors and is responsible for a range of strategic leadership and governance duties[2].
- Leading the Board of Directors: The chairman provides direction and guidance to the board, sets agendas, presides over meetings, and ensures that discussions are constructive, productive, and inclusive[1][2][4]. They encourage open dialogue, collaboration, and informed decision-making among board members[1].
- Strategic Planning and Oversight: The chairman helps shape the organization’s long-term strategy by working closely with the board and executive team to develop and implement goals and objectives[1][4][5]. They monitor the progress of strategic initiatives and ensure that the company remains aligned with its objectives[5].
- Appointment and Evaluation of the CEO: The chairman plays a pivotal role in appointing, evaluating, and, if necessary, replacing the CEO[1]. They conduct performance reviews and succession planning to ensure strong executive leadership[1].
- Corporate Governance: Ensuring good governance practices, the chairman sets the tone for the company’s culture, values, and ethical standards, and ensures all board activities comply with legal and regulatory requirements[2][3][4].
- Facilitating Effective Communication: The chairman acts as a liaison between the board, CEO, executive team, and external stakeholders, maintaining strong relationships and ensuring transparent communication channels[5].
- Accountability and Performance: They ensure board members and executives are accountable for meeting the needs of stakeholders, review board and director performance, and encourage ongoing development of board members[2][7][8].
- Representing the Organization: The chairman often serves as an ambassador, representing the organization in external affairs, fostering partnerships, and enhancing the company’s public standing[5].
References
- [1] The Role Of The Chairperson: What Does The Chairman Of The Board Do? – Boardroom Advisors
- [2] What Is a Chairman of the Board? | Board Portal Glossary – iBabs
- [3] Role and Responsibilities of the Chairman – Elementis
- [4] The Chairman’s Role: 6 Tips to Tailor Your Path to Chairdom – IMD
- [5] What Does a Chairperson of the Board Do? (With Skills) – Indeed
- [7] What is the role of the chair? – The Corporate Governance Institute
- [8] What is the Role of the Chairperson? – DIY Committee Guide
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