Responsibilities of Chairman:
A chairman is an executive elected by a company’s board of directors who is responsible for presiding over board or committee meetings.
– Provide leadership to the board, supplying vision and imagination, working closely with the CEO
– Take a leading role in determining the composition and structure of the board which will involve regular assessment of the:
- Size of the board
- Balance between executive directors and NEDs
- Interaction, harmony and effectiveness of the directors
– Set the board’s agenda and plan board meetings
– Chair all board meetings, directing debate toward consensus
Responsibility of CEO:
A chief executive officer (CEO), is the most senior corporate, executive, or administrative officer in charge of managing an organization.
The overall responsibility of the CEO is to:
– Take responsibility for the performance of the company, as determined by the board’s strategy
– Report to the chairman and/or board of directors