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This question is about chairperson certifications.
What is a chairman of a company?
A chairman of a company is the head of a company's board of directors. The chairman of a company has a certain amount of authority that is designated by the organization's bylaws.
The chairman presides over the board of directors meetings, and usually manages the board's agenda. Chairmans are elected by board to protect investors interests in the organization, and shareholders elect a board of directors to represent them.
Every public company has a chairman and board of directors, while private and nonprofit organizations might or might not have one.
Overseeing the board of directors, the chairman has the following responsibilities:
Establish management policies
Ensure the company's profitability and stability
Handle structural issues within the company
Set long-term goals and objectives
Approve annual budgets
Set salaries and benefits
Determine a company's CEO
Set salaries and benefits at the company
While the entire board of directors may also participate in these tasks, the chairman is the professional solely responsible for the following duties:
Setting the agenda for board meetings
Ensuring the board runs efficiently and achieves a consensus on decisions
Holds votes on key strategic policies
Hires and terminates executives, including the CEO and president
Monitors a company's overall sustainability, profitability, and growth
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