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Encyclopedia > Chairman

A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. Meetings are sometimes held around conference tables. ... An organization or organisation (read more about -ize vs -ise) is a formal group of people with one or more shared goals. ... A committee is a (relatively) small group that can serve one of several functions: Governance: in organizations too large for all the members to participate in decisions affecting the organization as a whole, a committee (such as a Board of Directors) is given the power to make decisions. ... A deliberative body (or deliberative assembly) is an organization which collectively makes decisions after debate and discussion. ...


The use of the gender-neutral term Chairperson, or simply Chair, to avoid potential sexist assumptions with use of the term Chairman has been championed by social change since the late 1970s (See Sapir–Whorf hypothesis). If female, the incumbent may be addressed as "Madam Chairman"; the gender neutral title of "Chairperson" is sometimes used. Gender-neutral language (gender-generic, gender-inclusive, non-sexist, or sex-neutral language) is language that attempts to refer neither to males nor females when discussing an abstract or hypothetical person whose sex cannot otherwise be determined. ... A chairperson is the political correct term for the presiding officer of a meeting, organization, committee, or other deliberative body. ... A chair or seat is also a seat of office, authority, or dignity, such as the chairperson of a committee, or a professorship at a college or university, or the individual that presides over business proceedings. ... Sexism is discrimination between people based on their Sex rather than their individual merits. ... In linguistics, the Sapir–Whorf hypothesis (SWH) states that there is a systematic relationship between the grammatical categories of the language a person speaks and how that person both understands the world and behaves in it. ... The incumbent, in politics, is the current holder of a political office. ...


The use of the term Chairman remains widespread: for example, the overwhelming majority of the (FTSE 100) companies in the United Kingdom have a "Chairman" and the boards of most Fortune 500 companies in the United States are also presided over by a Chairman. The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest 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. ...


The use of chair (according to the Oxford English Dictionary) as a verb (e.g.,"to chair [a meeting]" to describe being in charge of a meeting) dates from as early as 1658. The Oxford English Dictionary print set The Oxford English Dictionary (OED) is a dictionary published by the Oxford University Press (OUP), and is generally regarded as the most comprehensive and scholarly dictionary of the English language. ... Events January 13 - Edward Sexby, who had plotted against Oliver Cromwell, dies in Tower of London February 6 - Swedish troops of Charles X Gustav of Sweden cross The Great Belt (Storebælt) in Denmark over frozen sea May 1 - Publication of Hydriotaphia, Urn Burial and The Garden of Cyrus by...

Contents

Types

In the case of companies and similarly-organised bodies, there are generally two types of Chairman: non-executive and executive.


A non-executive Chairman is a part-time officeholder who sits on and chairs the main board of a company, and also usually provides support and advice to a Chief Executive Officer (CEO). This position usually entails fulfilling a similar function on a number of ancillary board committees, as well as being a political figurehead of the Company. In relation to a company, a director is an officer of the company charged with the conduct and management of its affairs. ... Look up company in Wiktionary, the free dictionary. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ...


An executive Chairman is a full-time officeholder who typically leads the board and also takes a hands-on role in the company's day-to-day management.


Corporate governance

A Chairman is selected by a company’s board to lead it, chair meetings and lead the development of a final consensus from the disparate points of view of its members. The Chairman 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. In relation to a company, a director is an officer of the company charged with the conduct and management of its affairs. ...


Traditionally, the Chairman also holds the title of CEO and, combined, these are the highest ranking positions in a corporation. The term President is often used interchangeably with Chairman, 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 Chairman. President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ...


As far as the boards of public companies are concerned, the role of the chairman of the board as distinct from that of the company's CEO or managing director has more recently been brought into focus, stemming from alleged corporate governance shortcomings 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 Chief Executive Officer or Chairman 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, a pivotal document regarding effective governance in the United Kingdom, the Cadbury Report, was published in 1992. Its recommendations have been adopted to a greater or lesser extent by some countries within the European Union, the United States, the World Bank, and others. Literally a public company is a company owned by the public. ... The phrase Chairman of the Board has several meanings: Chairman of the Board is the term used to denote the leader of a corporations board of directors. ... Managing director is the term used for the chief executive of many limited companies in the United Kingdom and some other English speaking countries. ... Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. ... 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 ... Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means...


Other uses

  • The Chairman (董事長樂團) is a Taiwan-based rock group formed in 1997.

Rock is a form of popular music, usually featuring vocals (often with vocal harmony), electric guitars, and a strong back beat; other instruments, such as the saxophone, are common in some styles, however saxophones have been omitted from newer subgenres of rock music since the 90s. ...

Chairperson

The term chairperson is a typical example of a non-sexist neologism that was invented in the 1970s to replace the conventional chairman, used to describe the presiding officer of a meeting, organization, committee, or other deliberative body. Chair and chairwoman (depending on gender) may also be used in similar context. Gender-neutral language (gender-generic, gender-inclusive, non-sexist, or sex-neutral language) is language that attempts to refer neither to males nor females when discussing an abstract or hypothetical person whose sex cannot otherwise be determined, as opposed to more traditional language forms, which may use male or female... A neologism (from Greek νεολογισμός νέος [neos] = new; λόγος [logos] = word) is a word, term, or phrase which has been recently created (coined) — often to apply to new concepts, to synthesize pre-existing concepts, or to make older terminology sound more contemporary. ... The 1970s decade refers to the years from 1970 to 1979, inclusive. ... Meetings are sometimes held around conference tables. ... An organization or organisation (read more about -ize vs -ise) is a formal group of people with one or more shared goals. ... A committee is a (relatively) small group that can serve one of several functions: Governance: in organizations too large for all the members to participate in decisions affecting the organization as a whole, a committee (such as a Board of Directors) is given the power to make decisions. ... A deliberative body (or deliberative assembly) is an organization which collectively makes decisions after debate and discussion. ... A chair or seat is also a seat of office, authority, or dignity, such as the chairperson of a committee, or a professorship at a college or university, or the individual that presides over business proceedings. ... In common usage, the word gender often refers to the sexual distinction between male and female. ...


References

  • (French) MEDEF on corporate governance

See also


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