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Definition

The chairman of the board of directors of a company is usually appointed by the directors. His position is in no way different from the other directors unless he is given a special mandate in the company's articles. In some companies this position is merged with that of the managing director, however with the issue of the King 2 report on corporate governance this practice is totally discouraged. Normally the articles provide that he should preside at directors' meetings and general meetings and give him a casting vote at directors' meetings.

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