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What is an executive chairman?
An executive chairman is a high-ranking executive within a company who typically serves as the head of the board of directors while also holding an executive position. This dual role grants the chair a unique vantage point that enables them to bridge the gap between the boardroom and the executive suite.What does an executive chair do?
The executive chairman acts as a bridge between the board of directors and the CEO, offering guidance and strategic direction. Executive chairs bring their expertise, experience, and leadership to guide the company toward achieving its objectives, while ensuring effective communication and alignment between the board and management.What is the difference between a CEO and an executive chair?
While the CEO is responsible for day-to-day operations, the executive chair provides insights to the executive team. As they typically have more experience and expertise, executive chairmen act as a sounding board for the CEO; they guide and support the latter in navigating complex challenges and opportunities.