OTCQX:BGMZF - Post by User
Comment by
dkolish01on Aug 01, 2013 6:23pm
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Post# 21645127
RE:RE:When was Norm Anderson elected Chairman of the Board?
RE:RE:When was Norm Anderson elected Chairman of the Board?
There are three types of chairman in public corporations.
- Chairman and CEO – The CEO may also hold the title of chairman, in which case the board frequently names an independent member of the board as a lead director.
- Executive chairman – An office separate from that of CEO, where the titleholder wields influence over company operation particular, the group chairmanship of HSBC is considered the top position of that institution, outranking the chief executive, and is responsible for leading the board and representing the company in meetings with government figures.
- Non-executive chairman – also a separate post from the CEO, unlike an executive chairman, a non-executive chairman does not interfere in day-to-day company matters. Across the world, many companies have separated the roles of chairman and CEO, often resulting in a non-executive chairman, saying that this move improves corporate governance.
The non-executive chairman's duties are typically limited to matters directly related to the board, such as:
- Chairing the meetings of the board.
- Organizing and coordinating the board's activities, such as by setting its annual agenda.
- Reviewing and evaluating the performance of the CEO and the other board members.
Many U.S. companies have an executive chairman, and this method of organization is sometimes called the American model. Having a non-executive chair is common in the United Kingdom and Canada, and is sometimes called the British model. Expert opinion is rather evenly divided over which is the preferable model overall.