BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It’s the responsibility of the chairperson to make sure the board is functioning properly, and the CEO is fulfilling his or her duty and following the directives of the board. A conflict of interest is created if the CEO is also the chairperson of the board.

Detailed explanation-2: -The chairman of a company’s board is its head of directors. Shareholders elect the board of directors, and they are responsible for protecting the interests of shareholders.

Detailed explanation-3: -The Chairman of the Board provides leadership to both the Board and the Company. He plays the critical role of ensuring that the Board executes its responsibilities.

Detailed explanation-4: -And, when asked the question, “does a private company board need a chairman”, I now say “no, but it needs a lead director.” The lead director is responsible for working with the CEO to manage the board of directors.

Detailed explanation-5: -The chairman is the head of the board of directors. Generally, the shareholders elect the chairman. Their responsibilities may primarily include protecting the interests of investors. Chairmen may often work outside of the daily operations of a company.