Thursday 25 July 2013

The Role of the Board Chairman

The Chairman of the Board is Primus Inter Pares (the first among equals or first among peers) on the Board of Directors of every company and typically elected by members of the Board of Directors who
also determine the period for which he/she is to hold office. In other jurisdictions, the Chairman of the Board is elected annually by members of the Board at the first Board meeting after each Annual  General Meeting or between Annual General Meetings upon the resignation, death, disqualification or removal of an incumbent
Chairman. The Chairman should be a non-executive director and it is desirable that he/she should satisfy any independence standards set by the Board, applicable law or relevant Corporate Governance Code and
best practice.

Selecting a Board Chair is a very important process in the life of any company. Most organizations adopt the democratic approach spelt out in the Companies and Allied Matters Act by voting for one of them to
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