The chairman of the board
Posted On 11.02.2020
The chairman of the board
3. Ability To Influence Others, Without Dominating
Who has more power over a company, the chairman or the chief executive officer (CEO)? This is a question that has been raised multiple times, and although their roles may differ, both have one goal: to ensure that the company remains profitable and sustainable.
What does it mean to be chairman of the board?
This article provides a definition of what a Chairman of the Board is, his, or her, specific roles and how to be a great Chairman of the Board. The three main questions answered in this resource are as follows:
Are the CEO and the Chairman of the Board the Same Person?
From a historical perspective, the CEO and the Chairman of the Board have served in the same position. With some of the evolutionary changes in best practices that have resulted from regulatory and legal changes, there has been a lot of discussion about whether companies should appoint a board chair that is not also the CEO of the company. Current trends are moving in the direction of separating the Chairman of the Board and CEO roles.
Meaning of chairman of the board in English
In short, the generally accepted roles of boards—e.g., selecting top executives, determining policy, measuring results, and asking discerning questions—have taken on more and more the characteristics of a well-established myth, and there is a considerable gap between the myth and reality.
Person Holding the Position of Chairman of the Board of Directors and Chairman of the Executive Board
It has been well over three decades since our beginnings as a small shop supplying compression equipment in western Canada. But our customer focus and commitment to innovation, quality and safety has not changed.
Chairman of the Board of Management of Volkswagen AG
Currently the Board of Management of Volkswagen AG comprises six members. Each Board Member is responsible for one or more functions within the Volkswagen Group. Dr. Herbert Diess is the Chairman.
Additional information on the Supervisory Board
The Supervisory Board of Siemens AG has 20 members. As stipulated by the German Codetermination Act, half of the members represent Company shareholders, and half represent Company employees. The term of office of the Supervisory Board members will expire in principle at the conclusion of the Annual Shareholders’ Meeting in 2023. The term of office of Ms. Leibinger-Kammüller, Mr. Snabe and Mr. Wenning will expire at the conclusion of the Annual Shareholders’ Meeting in 2021. The employee representatives are marked with an asterisk (*).
The role of the lead independent Director and Vice-Chairman of the Board of Directors
Given its decision to combine the duties of Chairman and Chief Executive Officer, the Board of Directors decided to appoint an independent director as lead independent Director and Vice-Chairman of the Board of Directors. This position has been held by Mrs. Françoise Gri since May 4, 2017.
Message from the Chairman of the Board of Directors
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