Board chair
The board chair leads the work of the board and supports its effectiveness. This includes promoting balanced discussion, ensuring that directors receive appropriate information, encouraging constructive challenge and helping the board reach and follow through on decisions. The role differs from the chief executive’s responsibility for executive management. Governance arrangements determine whether and how the roles are separated; the chair does not possess unlimited personal authority over every board decision.
Worked example
Before a major investment decision, the chair ensures that directors receive the analysis in time, invites challenge from non-executive directors and confirms that unresolved risks are addressed. Management remains responsible for implementing the approved decision.
Common mistake
Do not confuse the board chair with the chief executive or assume that the chair can override the collective board.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Supporting | September 2026–June 2027 |
| ACCA | SBL | Direct | September 2026–June 2027 |
| FIA | FBT | Supporting | September 2026–June 2027 |