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Home > QFINANCE Dictionary > Definition of chairman

Definition of


Corporate Governance

organization's highest executive the most senior executive in an organization, responsible for running the annual meeting and meetings of the board of directors. He or she may be a figurehead, appointed for prestige or power, and may have no role in the day-to-day running of the organization. Sometimes the roles of chairman and chief executive officer are combined, and the chairman then has more control over daily operations; sometimes the chairman is a retired chief executive. In the United States, the person who performs this function is often called a president. Historically, the term chairman was more common. The terms chairwoman and chairperson are later developments, although chair is now the most generally acceptable. Chairman, however, remains in common use, especially in the corporate sector.

Definitions of ’chairman’ and meaning of ’chairman’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’chairman’ and other financial terms with our online QFINANCE Financial Dictionary.

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