The chair is a leadership role in a business or organization that is responsible for overseeing the operations and strategic direction of the company. The chair is often the highest-ranking member of the board of directors and is typically elected by the board or appointed by the shareholders.
The responsibilities of the chair may include:
- Leading and chairing board meetings
- Setting the agenda for board meetings
- Making decisions on behalf of the board
- Communicating with shareholders and stakeholders
- Overseeing the appointment of senior management
- Setting the tone and culture of the organization
The chair is different from the CEO (chief executive officer), who is responsible for the day-to-day management and operations of the company. The CEO reports to the board of directors, which is led by the chair.
Here are some key differences between the chair and the CEO:
- Role: The chair is responsible for overseeing the strategic direction of the company, while the CEO is responsible for the day-to-day management and operations of the company.
- Authority: The chair has authority over the board of directors and can make decisions on behalf of the board, while the CEO has authority over the management team and is responsible for implementing the decisions of the board.
- Reporting: The chair reports to the board of directors and the shareholders, while the CEO reports to the board of directors.
By understanding the role and responsibilities of the chair and the differences between the chair and the CEO, individuals can make informed decisions about their career path and leadership development within a business or organization. It’s always a good idea to research the leadership structure and responsibilities of a company before joining or investing in it.