The Chairman of the supervisor board serves as a temporary replacement for the chief executive officer (CEO) and general manager if a company is undergoing a management change. The role of the chairmen depends on the structure of the Board of Directors of the Company and it may either be the CFO or the Chief Executive Officer. Sometimes, two or more members to serve as the Chairman of the supervisory board. Click on this
The Chairman served for many years on the management and supervisory board of a corporation
There are three types of chairmen: the independent director, the consultant, and the lead director chief executive officer. An independent director has no ties to the Company and does not usually have a voting control on the major corporate decisions. He can also be the chair of the Corporation with a salary and benefits similar to other CFOs and CEOs. The consultant chairs the board of directors of the Company and has no role in the day-to-day operations of the Company. He is an elected or appointed permanent representative of the company who holds no special managerial authority, but is responsible for advising the company’s management on strategic matters and performance issues.
The lead director is the one who makes all major corporate decisions. He receives a fee for his services, but is entitled to vote and has no other obligations to the Company other than acting as the chairman for a limited period of time when the need arises. The company’s management may refer to the chairman by name or use the term “clerister” or “registrar” to describe him. The Lucet Independent Director (LCO) is the most senior officer of the Corporation who is not entitled to vote or participate in meetings.Continue Reading