chairman

Corporate GovernanceLegal glossary term

Legal Definition

The chairman is the presiding officer of a board, committee, or organization, responsible for leading the meeting, setting the agenda, and ensuring that the proceedings adhere to established rules and legal procedures.

Plain-English Translation

The chairman is the person who leads the meeting or group. They are in charge of running the discussion, making sure everyone follows the rules, and making sure the decisions are made correctly according to the law or contract.

Context in Contracts

The chairman's role is crucial because they hold the authority to set the agenda, call members to order, preside over formal decision-making processes, and ensure that the process follows established rules of procedure, which is essential for valid legal or corporate governance.

Visual model

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01

The Chairman of the Board for the XYZ Corporation.

02

The Chairman presiding over the quarterly board meeting.

Document context

How chairman shows up in legal documents

What is it?

A chairman is the individual designated to preside over a formal meeting, such as a board meeting, committee meeting, or official body. In legal contexts, this role involves leading the proceedings, chairing the discussion, and ensuring procedural compliance within a legal framework.

Why does it matter?

The chairman's role is crucial because they hold the authority to set the agenda, call members to order, preside over formal decision-making processes, and ensure that the process follows established rules of procedure, which is essential for valid legal or corporate governance.

When does it matter?

It usually appears in documents related to corporate governance, board resolutions, committee charters, or formal proceedings where a designated individual is tasked with leading the meeting or resolution process.

Where is it usually seen?

It is usually seen in corporate bylaws, shareholder agreements, committee charters, and formal legal proceedings documentation.

Who is affected?

The chairman is typically an officer of the board, a designated executive, or a presiding official who has the authority to lead the meeting or decision-making process within a legal entity.

How does it work?

In practice, the chairman exercises leadership by setting the agenda, chairing formal discussions, ensuring quorum and proper procedure is followed, and formally recognizing motions or decisions made by the body.

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Wikipedia

Chair (officer)

Chair (officer)

The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or...

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