TeachMeFinance.com - explain Chairman of the board
Chairman of the board -- When the board of directors of a
railroad company or other company is presided over by an
officer designated as the chairman of the board instead of by
the president of the company the chairman of the board is the
directing financial officer and is' in fact the head of the company.
The president then occupies a subordinate position ;
he is the chief operating officer or the chief managing officer.
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