Chairman of the board of directors (Voorzitter raad van bestuur)
Information on this skill...
The chairman of the board of directors, or the chairman of the executive board, directs the board of directors. In most cases, the chairman is also the CEO (chief executive officer). Together with the chief financial officer (CFO) and other members, the chairman forms the board of directors. The board of directors is the highest body of a company or organization that pursues a profit motive, or of a non-profit organization, such as a museum or foundation. The joint board of directors is responsible for the ins and outs of the organization. The Executive Board also has to deal with supervisory directors and shareholders, who can hold the executive board accountable for their responsibilities and the actions of the board of directors. Within the Netherlands, the Executive Board is accountable to a Supervisory Board or a general meeting of shareholders. The main task of the board of directors is the strategic direction of a company or organization. The decisions that concern a company or organization are therefore taken by the joint board of directors. The joint executive board is supervised by the supervisory board (SB). It is the Supervisory Board that appoints or can remove the members of the Executive Board from their position. The position of chairman of the board of directors is usually a position for a maximum of four years. As chairman of the board of directors, you are closely involved in the decision-making processes and the final decision-making by the board. As chairman of the board of directors, you perform various activities, such as meetings and monitoring the general progress. In addition, you are an important point of contact for various stakeholders, such as managers, board members, employees, potential shareholders and the supervisory board.
Exactly which tasks a chairman of the board of directors has is not easy to indicate, because the tasks and responsibilities can differ per board of directors. The tasks and responsibilities are usually laid down in a special regulation. The regulations may include, for example, the division of tasks, procedural rules and who has which responsibilities. Other topics can also be included in the regulations, such as the communication guidelines with the media or the provision of information with regard to external supervisors. In a general sense, the chairman is responsible for chairing the meetings and monitoring progress. The entire board of directors is in charge of the strategic direction of the company. As indicated earlier, various companies, organizations and institutions use a board of directors. This does not only concern large commercial enterprises. Think, for example, of museums, hospitals and foundations, which otherwise have no commercial profit motive. A board of directors usually also has to deal with a union or association of employees.
BOARD OF DIRECTORS
The joint management board is accountable to the supervisory board or to the supervisory board. This does not alter the fact that the board of directors is ultimately responsible for the company. In most cases, it is the Chairman of the Executive Board who will inform the Supervisory Board or the Supervisory Board. The Supervisory Board or the Supervisory Board must therefore be regarded as a supervisory authority. In most cases, supervisory directors do not work internally for the organization. Commissioners are therefore recruited from outside in order to guarantee independence. In most cases, a supervisory board member is an experienced employee and/or director, who has a lot of expertise. If a management board has to deal with supervisory directors, it is the supervisory board who will appoint the chairman of the executive board. In most cases, this will involve the CEO.
TASKS AS A BOARD OF DIRECTORS:
- Accountability
- The approval of strategic decisions laid down in the articles of association
- Informing stakeholders
- Developing the strategic policy
- Strategic leadership of the company
- Monitoring compliance with laws and regulations
- Supervising the company
- Ensuring a well-functioning supervisory board
CHAIRMAN OF THE BOARD OF DIRECTORS:
TRAINING COURSES FOR CHAIRMAN OF THE BOARD OF DIRECTORS
There are no real training opportunities for the position of Chairman of the Board of Directors. However, there are external training opportunities that focus on management and supervision. The position of chairman of the board of directors is generally at least a position at hbo level. Experience in the field of public administration or a financial background will usually be very welcome within the position of chairman of the board of directors. Furthermore, it is not possible to name a specific programme, as this can vary per sector. In addition, there are also plenty of external training institutes where you can follow a course.
COMPANIES WHERE A CHAIRMAN OF THE BOARD OF DIRECTORS MAY BE EMPLOYED
As chairman of the board of directors, you can work for various types of companies, institutions and organizations. These are the large companies, institutions or organizations. Think, for example, of banks, hospitals, companies or museums. The chairman of the board of directors is often the Chief Executive Officer or the Chief Financial Officer.
COMPETENCES CHAIRMAN OF THE BOARD OF DIRECTORS
As chairman of the board of directors, you must have a great sense of responsibility, because the decisions that the board can make can have a major impact on the company, institution or organization as well as potential shareholders. In addition, the sense of responsibility relates to the chairman himself, because in the event of demonstrable failure, the chairman or the board can be held liable in the worst case. In a general sense, the chairman must have good communication skills, because you are dealing with many different employees, shareholders and supervisors. Motivation and inspiration are also important as chairman of the board of directors. Generally important words are networking, consultation, decisiveness, collaboration, lobbying, insight and vision.
LABOUR MARKET PERSPECTIVE AND CAREER OPPORTUNITIES AS CHAIRMAN OF THE BOARD OF DIRECTORS
The position of chairman of the board of directors is usually only accessible if you have the right training and competencies. In addition, experience and industry knowledge play an important role in being eligible for the position. Experience in the field of public administration or a business background is usually a requirement. The career opportunities must be seen in getting more responsibilities.
TERMS OF EMPLOYMENT AND SALARY OF CHAIRMAN OF THE BOARD OF DIRECTORS
There are no examples of the terms of employment, because as chairman of the board of directors you can work for various types of companies, institutions and organizations in different industries. It is not possible to give a salary indication for this profession, because this can vary enormously per chairman of the board of directors.
The content on this page has been automatically translated from the Dutch language. For this reason, texts and videos on this page may contain small errors.
Lees deze informatie over Voorzitter raad van bestuur in het Nederlands.
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