EXECUTIVE CHAIRMAN Meaning and
Definition
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Executive Chairman:
The term "executive chairman" refers to a corporate position within a company or organization, typically at the highest level of decision-making authority. An executive chairman is an individual who is appointed to both chair the board of directors and hold an active executive role in the company's daily operations and strategic management. This role combines the responsibilities of a chairman and a chief executive officer (CEO), having considerable power and influence over the company's business activities.
As the head of the board of directors, the executive chairman is responsible for overseeing the board's activities, ensuring that it functions effectively, and facilitating open communication between the board and the company's management team. In this capacity, they preside over board meetings, providing guidance and leadership to ensure that critical decisions align with the strategic objectives of the company.
At the same time, an executive chairman assumes an executive role, actively participating in the company's management and decision-making processes. They collaborate with the CEO and senior management, leveraging their expertise and experience to contribute to the development and execution of the company's strategic plans.
Overall, an executive chairman's role encompasses both governance and executive functions. By maintaining a dual position, they facilitate coordination between the board and management, ensuring a cohesive alignment of corporate goals while also providing strategic guidance and leadership in areas directly related to their executive responsibilities.
Common Misspellings for EXECUTIVE CHAIRMAN
- wxecutive chairman
- sxecutive chairman
- dxecutive chairman
- rxecutive chairman
- 4xecutive chairman
- 3xecutive chairman
- ezecutive chairman
- ececutive chairman
- edecutive chairman
- esecutive chairman
- exwcutive chairman
- exscutive chairman
- exdcutive chairman
- exrcutive chairman
- ex4cutive chairman
- ex3cutive chairman
- exexutive chairman
- exevutive chairman
- exefutive chairman
- exedutive chairman
Etymology of EXECUTIVE CHAIRMAN
The word "executive" has its roots in the Latin word "exsecutivus", which means "to carry out" or "to perform". The term "chairman" comes from the Old English word "cērīman", which means "to direct" or "to govern".
The concept of an "executive chairman" originated in the corporate world in the 20th century. The term combines the idea of someone who carries out or performs duties with the position of a chairman who directs or governs a company. An executive chairman typically has a dual role, serving as both the head of the board of directors and also having executive responsibilities within the organization, such as making key decisions and overseeing day-to-day operations.
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