The main role of the Chairman are as follows:
- As well as being chairman of the board, he/she is expected to act as the company’s leading representative which will involve the presentation of the company’s aims and policies to the outside world.
- To take the chair at general meetings and board meetings. With regard to the latter this will involve, the determination of the order of the agenda, ensuring that the board receives accurate, timely and clear information, keeping track of the contribution of individual directors and ensuring that they are all involved in discussions and decision-making. At all meetings, the chairman should direct discussions towards the emergence of a consensus view and sum up discussions so that everyone understands what has been agreed.
- To take a leading role in determining the composition and structure of the board. This will involve regular reviews of the overall size of the board, the balance between executive and non-executive directors and the balance of age, experience and personality of the directors.
- To ensure effective communication with shareholders and, where appropriate, the stakeholders.
Duties and Responsibilities of Chairmen:
- providing leadership to the board
- taking responsibility for the board’s composition and development
- ensuring proper information for the board
- planning and conducting board meetings effectively
- getting all directors involved in the board’s work
- ensuring the board focuses on its key tasks
- engaging the board in assessing and improving its performance
- overseeing the induction and development of directors
- supporting the chief executive/MD
