Definition of Chairman of the board

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TeachMeFinance.com - explain Chairman of the board




historic definition...

Chairman of the board -- When the board of directors of a railroad company or other company is presided over by an officer designated as the chairman of the board instead of by the president of the company the chairman of the board is the directing financial officer and is' in fact the head of the company. The president then occupies a subordinate position ; he is the chief operating officer or the chief managing officer.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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