The term is most universally to denote the head of a board of directors of a corporation ("chairman of the board"). The position is technically more senior to a chief executive officer ("CEO") who reports to a board of directors, and usually directly to the chairman, if the two positions are separate. In some public companies, the chairmanship is separate from the CEO to provide better governance for shareholders of the CEO. | The term is most universally to denote the head of a board of directors of a corporation ("chairman of the board"). The position is technically more senior to a chief executive officer ("CEO") who reports to a board of directors, and usually directly to the chairman, if the two positions are separate. In some public companies, the chairmanship is separate from the CEO to provide better governance for shareholders of the CEO. |