CEO + Chairman, Exec or non-exec?

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June 1, 2011 at 12:09 pm #48817
glennfisher
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Hi guys,

Sorry if this has already been answered but couldn’t find it.

Are the CEO and Chairman both executive directors? It seems that all the questions I read state who the CEO/Chair is and then states how many NEDS there are.

If they are both executive directors and there are say, 4 other executive directors then should the amount of NEDS be 6? Or is it excluding the CEO/Chair.

Thanks for reading,

Glenn
June 3, 2011 at 5:12 am #82775
Anonymous
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Hi Glenn,

If the question says, “the CEO is also the chairman of the board,” then this person is not a NED, he is an executive director.

Thus, if the question also says, ‘there are 4 NEDS,” this is the total, it doesn’t consider the guy above–he is a full-time director, running the company (not a NED).
June 3, 2011 at 2:19 pm #82776
glennfisher
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Thanks Steve,

So in normal circumstances a Chairman is considered a NED and the CEO is considered an executive Director?
June 3, 2011 at 2:50 pm #82777
Anonymous
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That’s right.
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