RE: Kelso group21 Mar 2023 14:36
A non - Executive chairman /person is responsible for managing the board, they comment and input into strategy , run board meetings and ensuring communication with other board members.
TGL his last public utterance as far as I can see was at the AGM when Flim Flam , no doubt we will hear from him again at the next AGM
I think posters are misguided when they say non-existent.
All Imo of course
Here is a summary of their duties, pinched from a consultancy that works in this area,
The core functions of the chairman, among other, include:
• setting the ethical tone for the board and the company
• providing overall leadership to the board
• formulating (with the CEO and company secretary) the yearly work plan for the board against agreed objectives, and playing an active part in setting the agenda for board meetings
• presiding over board meetings and ensuring that time in meetings is used productively
• managing conflicts of interest
• acting as the link between the board and management and particularly between the board and the CEO
• ensuring that complete, timely, relevant, accurate, honest and accessible information is placed before the board to enable directors to reach an informed decision
• monitoring how the board works together and how individual directors perform and interact at meetings
• ensuring that good relations are maintained with the company’s major shareholders and its strategic stakeholders, and presiding over shareholders’ meetings
• upholding rigorous standards of preparation for meetings, and
• ensuring that decisions by the board are executed.
Further responsibilities of the chairperson would be to identify and participate in selecting board members (via a nomination committee), and overseeing a formal succession plan for the board, CEO and certain senior management appointments such as the chief financial officer.