What is the primary role of the Chair of the board?

The primary role of the Chair of the board is to lead the board and ensure its overall effectiveness. This position requires the Chair to facilitate discussions, provide guidance, and prioritize the strategic direction of the organization. By presiding over board meetings, the Chair helps to create an environment where members can contribute effectively to the decision-making process. This leadership is vital for ensuring that the board functions cohesively and can carry out its responsibilities effectively, which includes overseeing the company's performance and ensuring that it adheres to its governance framework.

In contrast, handling the company’s day-to-day operations is typically the responsibility of the CEO or senior management, not the board. Communicating with the media may be a function of several roles within the company, including public relations or executive leadership, rather than the sole responsibility of the Chair. Managing the board's financial performance is also not a primary focus of the Chair; this task is usually overseen by the finance committee or the CFO, as it requires specific financial expertise and oversight that goes beyond the Chair’s broader responsibilities.