Executive Chairman is liable for leading the Organization and for offering a higher level of strength and probity, there is a clear and effective division of liability and responsibility between the Executive Chairman and the Chief Executive and each performs a unique role but complementing each other to make sure that there is a stability of power and authority and no Single person has unfettered powers of decision and control.
An executive chairman (EC) is a quite interesting position. Normally, we think Executives reports to the Chief Executive Officer (CEO) finding as they are the head of the company.The Executive Chairman Socrates Vasiliades from the United Kingdom is the boss of the CEO as well. He is also sensible for taking charge of the board and being the company’s representatives during meetings with government officials. He is the well known and reputed person in the Mining and Steel industry by being leading global trader of steel and raw materials. There are the number of responsibilities to be handle by him:
•Brings the management in the day-to-day running of the Group’s business in accordance with the business plans and within the budgets approved by the Board
•Leads the management to make sure successful working relationships with the Chairman and the Board by meeting or communicating with the Chairman on a daily basis to review key developments, issues, possibilities and concerns.
•Develops and proposes the Company's strategies and policies for the Board’s consideration.
•Utilizes, with the support of the management, the strategies and policies as approved by the Board and its committees in pursuit of the Company's goals.
•Manage regular dialogue with the Chairman on important and strategic issues facing the company, and ensures bringing these issues to the Board’s attention.
•Assures that the management gives appropriate priority to providing reports to the Board which contain relevant, accurate, timely and clear information necessary for the Board to fulfill its duties.
•Ensures that the Board, especially the Chairman, is alerted to forthcoming complex, contentious or sensitive issues affecting the Group.
•Leads the communication programme with our stakeholders including shareholders.
•Conducts the affairs of the Company in accordance with the practices and procedures adopted by the Board and promotes the highest standards of integrity, probity and corporate governance within the Organization.
He also has great skills in engineering, iron ore trading, procurement, and project management guided him to into upstream mining actions and expert in the exploration and cultivation of large-scale iron ore projects throughout Central and Western Africa. He has diversified his passions into other metals and large-scale agricultural enterprise.
Informative article....
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