Chair is a term frequently used for the highest office in an assembly such as a committee, commission, or board. The term is also applied to the holder of the office. While the term chairman remains in widespread use, chairwoman, chairperson, and chair have become increasingly common.^[1] Chairperson, known as Iincho ) in Japan, is a character from the Rival Schools series of fighting games. ... For other uses, see Committee (disambiguation). ... Look up commission in Wiktionary, the free dictionary. ... Chairman of the Board redirects here. ...

The duties of the chairman are to preside over the assembly and to conduct its business in an orderly fashion.^[2] When the assembly is not in session, the chairman often acts informally as its head, its representative to the outside world, its spokesperson, etc.

A majority of FTSE 100 companies in the UK have a "chairman," as do the boards of most Fortune 500 companies in the U.S.^{[citation needed]} The FTSE 100 Index (or just the FTSE, pronounced footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ...

Corporate governance

A chair is selected by a company's board to lead the board of directors, preside over meetings, and lead the board to consensus from the disparate points of view of its members. The chair is the presiding director over the other directors on the board and is expected to be fair, a good listener, and a good communicator. Directors have a high level of fiduciary responsibility for overseeing the operation of a corporation. Chairman of the Board redirects here. ... For other uses, see Consensus (disambiguation). ... The court of chancery, which governed fiduciary relations prior to the Judicature Acts The fiduciary duty is a legal relationship between two or more parties, most commonly a fiduciary or trustee and a principal or beneficiary, that in English common law is arguably the most important concept within the portion... For other uses, see Corporation (disambiguation). ...

The term president is often used interchangeably with chair, although this usage is much more prevalent in the United States. The CEO is the head of the management committee and usually reports to the board, which is headed by the chair. For other uses, see President (disambiguation). ...

In public companies, the role of the chairman of the board is distinct from that of the company's CEO or managing director. This point has more recently been brought into focus after corporate governance shortcomings were observed in companies where the two roles are combined. It is believed that the separation of functions within the board of directors or in the structure of the supervisory board and management board would facilitate control over the workings of the company and increase the accountability of the CEO or chair of the management board. In an attempt to inject transparency into the relationship between executive management and the board of directors as well as between management and the market or shareholders, the UK Cadbury Report was published in 1992. Its recommendations have been adopted to a greater or lesser extent by some countries within the European Union and the United States, as well as by the World Bank.. This article does not cite any references or sources. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom, Commonwealth and some other English speaking countries. ... Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way in which a corporation is directed, administered or controlled. ... The Politics series Politics Portal This box:      Separation of powers is a term coined by French political Enlightenment thinker Baron de Montesquieu[1][2], is a model for the governance of democratic states. ... In the physical sciences, specifically in optics, a transparent physical object is one that can be seen through. ... The Cadbury Report, titled Financial Aspects of Corporate Governance, sets out recommendations on the arrangement of company boards and accounting systems to mitigate European Union, the United States, the World Bank, and others, External link Financial Aspects of Corporate Governance (aka the Cadbury Report) Caution - PDF Categories: Economic Stubs ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ...

Chair of the Board types and their relation to the company management

In the case of companies and similarly-organized bodies, there are generally two types of Chair: Non-executive and Executive.

Non-executive Chair of Board:

• A part-time officeholder who sits on and chairs the main board of a company
• Provides support and advice to a CEO.
• This position usually entails fulfilling a similar function on a number of additional board committees, as well as being a political figurehead of the Company.

Executive Chair of Board:

• A full-time officeholder who typically leads the board and also takes a hands-on role in the company's day-to-day management.
• Help the CEO to oversee all the operational aspects involved in running the company, which include project planning and development delivery, retail and leasing, sales, market research and many other areas within their extensive scope.
• Have overall responsibility for the company which involves engineering and controlling the company's current growth in and future expansion into international markets.
• In addition, oversees all projects' development activities and related businesses of the company, generating significant financial returns for the shareholders and driving sustainable development.

The chairman sets the style of leadership of the board which in turn filters down through the organisation.

Academic position

Chairs at academic institutions refer to the position, rather than the individual, and are often named after the person who donated the money to support the position. Professors appointed to such a chair often receive guaranteed funding (often endowed). Colleges and universities, especially older and well-financed ones, may have many such chairs. The meaning of the word professor (Latin: [1]) varies. ... A financial endowment is a transfer of money or property donated to an institution, with the stipulation that it be invested, and the principal remain intact. ...

Some of the best known chairs have been held by a succession of well-known scholars; the Lucasian Chair of Mathematics at the University of Cambridge has been held by Isaac Newton, Charles Babbage, Paul Dirac, and Stephen Hawking, while the Quain Chair of Jurisprudence has been held by John Austin, H. L. A. Hart, and Ronald Dworkin. The incumbent of the Lucasian Chair of Mathematics, the Lucasian Professor is the holder of a mathematical professorship at Cambridge University. ... The University of Cambridge (often Cambridge University), located in Cambridge, England, is the second-oldest university in the English-speaking world and has a reputation as one of the most prestigious universities in the world. ... Sir Isaac Newton FRS (4 January 1643 – 31 March 1727) [ OS: 25 December 1642 – 20 March 1727][1] was an English physicist, mathematician, astronomer, natural philosopher, and alchemist. ... Babbage redirects here. ... Paul Adrien Maurice Dirac, OM, FRS (IPA: [dɪræk]) (August 8, 1902 – October 20, 1984) was a British theoretical physicist and a founder of the field of quantum physics. ... Stephen William Hawking, CH, CBE, FRS, FRSA, (born 8 January 1942) is a British theoretical physicist. ... For the jurisprudence of courts, see Case law. ... John Austin (1790 - 1859) was a noted British jurist. ... H. L. A. Hart (Herbert Lionel Adolphus Hart) (1907-1992) is widely regarded as the most important English-speaking legal philosopher of the twentieth century. ... Ronald Dworkin (born 1931) is an American legal philosopher, and currently professor of Jurisprudence at University College London and the New York University School of Law. ...

The word "chair" is also used in an American universities to refer to the head of an academic department, particularly if the policies of a university are such that the chair is elected directly, or appointed with the recommendation of, the department's faculty. Chairs are simultaneously administrators and faculty members; chairs at one major American university system were estimated to spend 61 to 80 percent of their time on administrative duties, as opposed to their research and teaching.^[3] Higher education in the United States refers to a variety of institutions of higher education in the United States. ... This is a list of academic disciplines (and academic fields). ... A faculty is a division within a university. ... An academic administration is a branch of university or college employees responsible for the maintenance and supervision of the institution and separate from the faculty or academics, although some personnel may have joint responsibilities. ...

See also: list of Professorships at the University of Cambridge

This is a list of professorships at the University of Cambridge. ...

See also

• Agency cost
• Board of Directors
• Chair (academic)
• Corporate title
• Moderator
• Presiding Officer
• Named chair (professorship)
• Chair (academic department)

An agency cost is the cost incurred by an organization that are associated with problems such as divergent management-shareholder objectives and information asymmetry. ... Chairman of the Board redirects here. ... The meaning of the word professor (Latin: one who claims publicly to be an expert) varies. ... Publicly and privately held for-profit corporations often confer corporate titles or business titles on company officials as a means of identifying their function in the organization. ... Moderator, a Latin word for he who moderates, can refer to: Moderator provinciae was the title of certain Roman provincial governors Moderator is a Scots, and Scottish English, gender-neutral word that approximates chairman or convener. ... The Presiding Officer (Oifigear-Riaghlaidh in Scots Gaelic) is the person elected by the Members of the Scottish Parliament to chair their meetings. ... The meaning of the word professor (Latin: one who claims publicly to be an expert) varies. ...

References

• (French) MEDEF on corporate governance