TB Charriman

The Chairman is the supreme executive officer of a group like a board, committee, or deliberations. The person holding the chief executive office, who most often is either elected or hired by other members of the governing body, presides over the day-to-day business of the governed group. The chairperson reports to the chief executive for the duration of the meetings of that body. Business decisions are generally made at these meetings and the Chairperson makes key decisions regarding policy decisions for the governed group.

The job of the Chairperson generally falls on the shoulders of a senior manager or a CFO. Since the CEO usually controls and directs all business activities of his/her corporation, it falls on the Chairperson to effectively and efficiently coordinate business operations and ensure the company’s profitability. In addition, since the Chairperson directs how executive personnel (i.e., the officers and staff) function, it is up to the Chairperson to effectively manage the corporation’s human resources department. Because of these key responsibilities of the CFO plays an important role as an executive chairman. He/She must ensure that key employees are performing their jobs, that the business is profitable, and that the officers and staff are performing their duties.

The function of a CEO or board chairperson traditionally has been to chair committees that discuss and recommend major strategic business decisions for the corporation. The committees are typically established to address pressing problems or issues facing the company. The ceo or chairperson may also serve as an interim CEO whenever a CEO is needed for a limited period of time due to illness or otherwise. This serves as a great deal of flexibility for the Board as well as the Chief Executive Officer. It relieves both the company and the Board from the burden of managing the difficult tasks of a CEO when a full-time position is not available.

In today’s business environment, the ceo or chairperson may also have more direct involvement in day-to-day business operations. In addition to providing leadership for major strategic business decisions, he/she will need to be responsible for recruiting, developing, and overseeing new management talent. This includes assisting newly hired management staff with the required training and guidance on basic business skills and competencies. As these new management teams progress through their own processes of establishing their operational procedures, policies and procedures, they will need assistance in this area from the Board Chairperson. In other words, the Chairperson will effectively be acting as the CEO’s personal aide and counsel.

Because the modern CEO is so directly involved in every meeting and decision, the Chairperson must be capable of handling and managing the administrative aspects of such tasks as meeting and/or dealing with a wide variety of concerns. For instance, managing directors is a task that requires expertise in legal matters. The Chairperson must know all of the ins and outs of securities laws and how to navigate and interpret them when negotiating with financial institutions. He/she will also be required to help new and experienced managers develop and implement policies to protect the best interests of their constituents. In short, the Chairperson must be an expert in business and the affairs of directors.

While some see the need for a non-executive chairperson in certain circumstances, the modern CEO understands that having a permanent chairman is a better solution. The current method for picking a leader, where a corporation holds a CEO search and interviews a number of potential candidates, proved to be both ineffective and too time consuming. Furthermore, such interviews revealed an unwillingness on the part of directors to be open to a long and drawn-out process. With a Board Chairperson selected by the board, the meetings can be conducted in a short period of time and focused. Furthermore, during such times when other leaders are unavailable or otherwise unable to manage the meeting, the Chairperson can be expected to maintain the focus and commitment to the agenda.

Having the necessary experience in strategic planning and business management gives an individual an advantage over others in a leadership position. The CEO must be adept at providing strategic direction while also being able to motivate others. Being able to manage multiple fronts and vision the company toward its goals is important. The CEO must be able to build coalitions and work with members from every division and across business functions to get the most out of the Board and the corporate budget. As the CEO of a publicly traded company, the CEO has special access to vital information that can be used to make strategic decisions. As well, the CEO is an influential partner in the Board’s operational and monetary processes and he/she plays a key role in keeping the confidence of shareholders and the Board’s capital budget.

The importance of a strong, experienced, and versatile chairperson cannot be overstated. The Chairperson plays a key role in corporate governance and is often called upon to make key decisions that affect the Company’s future success or failure. As such, the Chairperson requires tremendous organizational skills and considerable interpersonal skills to achieve success in his/her position. For this reason, the Chairperson needs to be someone who is highly qualified both in terms of business experience and leadership. The Chairperson should be well versed in business practices, accounting principles, economics, strategic management planning, and public policy.

Additional Resources:


Types of Business Organization

Starting a business is the wisest thing to do for starters and experienced businessmen alike. Businesses are highly competitive. So, it’s advisable to do your homework and find out all that you can about how to start a business. All businesses have their own pros and cons and business startup comes with its own set

What to Know About Small Business Law

A business is broadly defined as a commercial organization or individual engaged in commercial, productive, or productive activities. Businesses may be either private for- profit entities or public non- profit organizations that conduct business to meet a social need or further a charitable purpose. In the United States, private businesses are not legally recognized as

Protecting Consumers’ Privacy Rights Online

E-Commerce is simply the act of electronically purchasing or selling goods over the Internet or through online facilities. There are a number of options available to businesses wishing to promote their product or service via online transactions. An e-Commerce website is designed to sell and buy goods, services, and programs over the Internet, which can

Disadvantages of E-Commerce

E-commerce is simply the act of electronically selling or buying of products over the Internet or through electronic services. It is fast becoming the latest trend in the field of business where you can do business round the clock. The Internet has become a global mode for conducting business and has many advantages like lower

The Different Areas of Finance

Finance is a broad term encompassing all things about the financial management, development, and implementation of financial investments and money. It encompasses the area of business as well as the investing in both tangible and non-tangible assets. There are many forms of finance and it includes financial planning, management, investment, taxes, and banking. Finance is

A Short Discussion on Finance

Finance is a general term for things concerning the science, development, and management of financial resources and investments. Financial problems are the outcome of the imbalance between what people have saved and how much they have earned. The word “finance” comes from the French words foliseau (plural of folie) and finance, which means money. In

Careers in Finance and Money Management

Finance is a broad term meaning things regarding financial concerns as regards the analysis, formation, and management of investments and money. There are different fields of study that deal with finance. Some examples of these include: taxation, banking, investing, micro-insurance, and social sciences. It is also an interesting field to study if you like math

Tips for Preparing Meals at a Fine Dining Restaurant

Fine Dining is defined by the Travel and Leisure Analysis as the art of satisfying palates through food and drink. Fine dining restaurants usually serve full-service meals with specific, selected complementary meal courses. Dine in fine-dining restaurants normally employs more highly skilled staff. DÉcor of these restaurants usually includes higher-quality materials used, with establishments usually

Dining in Fine Dining Restaurants

Fine Dining refers to any type of eating experience, from casual dining experiences to luxurious five-star affairs. For the latter, there is no set etiquette, but it usually involves long tables, a more leisurely pace and, if the guest of honour is in the party, excellent service. It can also mean mixing a different style

Pricing For Fine Dining

Fine Dining is an umbrella term for various types of fine dining experiences, which can also include casual dining and casual buffets. Fine Dining restaurants are typically full-service establishments with designated specific meal courses for special occasions. Dine partners in such restaurants typically have been in the business for many years and know their restaurant

Understanding Spiritual Gifts

What exactly is a gift? A gift is an object given to somebody without the hope of payment or something in return. A gift can also be referred to as a present or a token. An object received as a present does not necessarily have a monetary value, but may instead be a symbol of

Different Ways to Express Your Thoughts About Gifts

Gifts are one of the most treasured items in the world. Giving gifts is a gesture of love and gratitude. In fact, it is a form of advertisement as well because the person who gives the gift has a reason to advertise it. The person who receives the gift has a reason to remember the

Theoretical and Practical Implications of Modern State Systems

Politics is an interesting area of study which most people have no interest in. It’s just one more subject that gets in the way of doing what we actually enjoy doing, which is enjoying life. But politics has a unique place in the world. Without politics there would be no taxes or tariffs, nor would

All About Politics

Politics is a complicated field of study which can be studied at the graduate or doctoral level. Politics is the study of the political process in societies from all over the world. Politics is the analysis of how governments come to power, and how they govern. The study of politics spans many disciplines and ideas,

What Is a Minimalist Lifestyle?

Lifestyle is the attitudes, thoughts, behaviors, and cultural orientations of individuals, family, group, or society. The word was first introduced by Austrian psychiatrist Alfred Adler in his 29th book, The Case of Miss R. with the phrase, “life-style being a mere mask for the soul”. It was initially intended to refer to an aspect of

Beakers, Polaroids, and Change

Lifestyle is a very broad category, which can be broken down into various sub-categories. Lifestyle is a person’s attitudes, interests, behaviors, and social orientations. The word was first introduced by Austrian psychiatrist Alfred Adler in his famous book, The Case of Miss R. The meaning of the term has since been expanded by American psychiatrist

Are Lifestyles Our Best Options for Longevity?

Lifestyle is the overall attitudes, behaviors, beliefs, and cultural orientations of a person, group, or society. The word was first introduced by Austrian psychiatrist Alfred Adler in his famous work, The Case of Miss R. With the implied meaning of “the basic nature of human beings as established at early childhood.” In the decades that

Judicial Law Review and Policy

The law is the law made and enforced by governmental or social institutions to govern behavior, usually with an objective of punishing wrongdoers. It is a matter of long-standing debate and, in general, has been differentially defined by different persons, including those who refer to it by different names (including legal professionals), in light of

Law Dictionary and Legal Citation Guides

The law is basically law made and enforced by governmental or communal institutions to regulate societal behavior, however with its exact definition having been a matter of longstanding disagreement. It’s been differentially defined as the craft and science of civil law. In America it is governed by the United States Congress, whilst in many other

Top 5 Internet Marketing Channels For Success

Digital marketing is the part of advertising which uses electronic and online-based technologies including desktop computers, hand held mobile phones and various other online media and devices to promote services and products. The process of digital marketing consists of using various web based tools to reach out to your target audience. These tools can include

How Internet Marketing Can Help Your Business?

Internet marketing is a form of advertising wherein an advertiser’s marketing activities are made accessible via the internet. Digital marketing is basically the aspect of online marketing, which uses modern and web based digital technology like desktop computers, handheld phones and various other internet based communication and networking platforms and media. With the aid of

Which Channels Should You Use to Build Your Online Business?

What is internet marketing? Internet marketing is the part of advertising which uses online and web based technologies like desktop computers, cell phones, other electronic media and interactive media and websites to advertise products and services of a business. The marketing strategy is usually implemented by email marketing, pay per click advertising, search engine optimization

Your Personal Interests on Resume Builder

Most people think of hobbies as being the things you do in your spare time, such as knitting or needlework. A hobby is generally considered to be an ordinary, unplanned activity that is carried out for fun, usually during your leisure time. Hobbies range from playing board games to riding horses. Some hobbies may even

Your Favorite Hobbies Can Help Boost Your Resume

Hobby is a very general term that encompasses a lot of things. But, I will focus my topic on three hobbies that people usually do together. These three hobbies seem to have some sort of common thread that brings them all together. And, these hobbies are great for mental stimulation. So let’s start with them.

How to Save Time When Writing About Your Hobby

A hobby is often thought of as a common, everyday activity which is performed for fun, usually during one’s free time. Hobbies include playing sports, collecting kitchen appliances, building models, and pursuing other hobbies. In our daily lives, many of us perform many activities as hobbies. This list of activities may seem boring, but it

Can Travel Bug Kill Tourism?

Travel is the transfer of people from different distant geographical areas between different time zones. Travel can be to one place for a specific length of time or one way, generally across international borders. Travel can take many forms, such as leisure, business or pleasure, to exotic locations or back home. While traveling, people usually

Smart Flyers – Why Travel So Much?

Travel is the moving movement of individuals between different distant geographical locations. Travel can take place by foot, bike, car, train, plane, bus or any other mode of transportation, with or without personal luggage, and is either one way or multiple way. Travel enables us to experience different cultures, partake in the local food and

Travel Agency Wiseflyer Vs Virtuoso Travel Agent

Travel is the conveyance of individuals between different, usually remote geographical locations. Travel can sometimes be done by car, bicycle, foot, train, plane, bus or boat, with or without luggage and can either be one way to another location or around the block. There are many different types of travel. Boat travel is very popular

How to Define Science?

Technology is the collective term for any techniques, strategies, procedures, and skills utilized in the creation of new products or services or in the achievement of objectives, for example, scientific research. The use of technology in our everyday lives is pervasive, ever-changing, and very different from how it was perceived even a generation ago. Many

The Many Uses of Technology

Technology is an ever-expanding field. The world is literally being bombarded by it every day. Technology is used to devise new products, make old products more efficient, store and retrieve information, make communication more efficient, provide entertainment, and so much more. There are many ways that technology affects every aspect of our lives. While the

How Does Technology Affect Us?

The use of technology in the modern world has allowed people to live more abundantly than ever. The abundance of food and products has allowed many to live simpler lives with less effort. One of the tools of technology is the computer. It is one of the most important inventions in human history. Technology is