The Art of Mastering Businesses

What Defines a Good Chairman

The role of the chairman has become high in profile and the expectations multiplied over time. Shareholders and directors require to have a chairman that is passionate about his job on governance of the company and also very active in his roles. For a chairman to be effective in his duties, he should have a good relationship with all the directors. These two offices should be able to have confidence in each other through means such as open conversations. The two parties have to understand that they have different roles for them to work together successfully.

A chairman like Mr. Hussain al Nowais is effective in what he does since he fully understands what his job entails. A good chairman should provoke positive challenges to the directors to improve various areas of the company. Whenever he needs information on particular issues, he should be able to ask the right questions. A good chair needs to know the mission of the board and how to measure the progress of the company. Offering guidance is a major role of the chair and finding new ways to purchase important resources for the company. The position of the chairman does not allow him to run the company and he should be able to recognize that. He should mainly offer support to the management team.

A chairman, however, should make sure that he devotes just the right amount of time to the roles he is supposed to take care of. Since he does not run the company, he does not have much work. From time to time, he can walk around the organization and see how the employees are progressing and enquire about any challenges they may be facing. An experienced chairman should be able to understand other people’s feelings and also the company. Running the organization, bringing together the senior management team and other members of the organization are what describes an effective chairperson.

In case there is a big issue in the company, the chair should be able to dedicate his time to trying to solve it. He should be able to think about the long-term goal of the organization while bearing in mind the mission of the organization. He should be able to set aside his interests for the benefit of the organization; which includes helping to solve any of the problems around.

A good chairperson knows when and how to step down from an organization. He does not wake up one morning and decide not to carry out his duties anymore. The chair makes sure to effectively communicate with the shareholders and stakeholders about his decision to resign a few months before he leaves. The company there is able to get adequate time to search for someone else to fill in that position. The outgoing chairperson gets an opportunity to hand over his roles to his successor.