CHAPTER 3

The Role of the Chair

The most difficult thing is to know yourself.

—Thales

It is of practical value to learn to like yourself. Since you must spend so much time with yourself, you might as well get some satisfaction out of the relationship.

—Norman Vincent Peale

The Chair’s Multifaceted Role

The official role of the Chair is, in general, well understood. He has to ensure, with his board, that the company has the right strategy, adequate governance and control structure, a good culture, and the right people in place and in the pipeline. The Chair and his board try to ensure that the CEO and the management team are successful and take a long-term view.

The less-discussed role of the Chair is relational. The Chair should be able and willing ...

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