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24-615: The company's founder and executive chairman is Stanley Ho . His daughter Pansy Ho serves as managing director with two of his other daughters, Daisy Ho Chiu-fung and Maisy Ho Chiu-ha, as executive directors along with David Shum. Until late 2010, Stanley Ho controlled the company. An 11.55 per cent stake in Shun Tak was transferred by Ho to Hanika Realty, a company controlled by second wife Lucina Laam and his five children with her. The transfer made Hanika Shun Tak's biggest single shareholder . In April 2015, Shun Tak Holdings Ltd purchased

48-516: A CEO include Ford , HSBC , Alphabet Inc. , and HP . A vice- or deputy chair, subordinate to the chair, is sometimes chosen to assist and to serve as chair in the latter's absence, or when a motion involving the chair is being discussed. In the absence of the chair and vice-chair, groups sometimes elect a chair pro tempore to fill the role for a single meeting. In some organizations that have both titles, deputy chair ranks higher than vice-chair, as there are often multiple vice-chairs but only

72-409: A Hong Kong company is a stub . You can help Misplaced Pages by expanding it . Executive chairman The chair , also chairman , chairwoman , or chairperson , is the presiding officer of an organized group such as a board , committee , or deliberative assembly . The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of

96-493: A hotel property in Shanghai for RMB700 million (MOP900 million). In January 2017, Shun Tak acquired a Singapore commercial complex for US$ 246.75 million. The company has extensive shipping and property holdings. Shipping companies owned include: Conwick Investment Ltd; Far East Hydrofoil Company Ltd; Hong Kong Macao Hydrofoil Company Ltd; Sunrise Field Ltd; Tai Tak Hing Shipping Company Ltd (the then independent company that owned

120-434: A single deputy chair. This type of deputy chair title on its own usually has only an advisory role and not an operational one (such as Ted Turner at Time Warner). An unrelated definition of vice- and deputy chairs describes an executive who is higher ranking or has more seniority than an executive vice-president (EVP). National Association of Parliamentarians The National Association of Parliamentarians (NAP)

144-486: Is an organization with membership predominantly in the United States that says that it provides services and products to help its members and others to learn how to proceed with and manage meetings of assemblies such as school boards, homeowners associations, church boards, and volunteer organizations. It also provides education and accreditation for parliamentarians who provide services to these types of organizations. NAP

168-418: Is following the rules of the group. In committees or small boards, the chair votes along with the other members; in assemblies or larger boards, the chair should vote only when it can affect the result. At a meeting, the chair only has one vote (i.e. the chair cannot vote twice and cannot override the decision of the group unless the organization has specifically given the chair such authority). The powers of

192-504: Is rather evenly divided over which is the preferable model. There is a growing push by public market investors for companies with an executive chair to have a lead independent director to provide some element of an independent perspective. The role of the chair in a private equity-backed board differs from the role in non-profit or publicly listed organizations in several ways, including the pay, role and what makes an effective private-equity chair. Companies with both an executive chair and

216-480: The steamship ferry SS  Fatshan , which sank off Lantau in Typhoon Rose in 1971 with the loss of 88 lives, en route from Macau); Wealth Trump Ltd; Shun Tak–China Travel Macau Ferries Ltd (formerly known as Hong Kong–Macau New World First Ferry Services (Macau) Ltd); and Companhia de Serviços de Ferry STCT (Macau) (formerly known as New Ferry - Transporte Maritimo de Passageiros (Macau)). This article about

240-708: The X Committee". Lenin , for example, officially functioned as the head of Soviet Russian government not as prime minister or as president but as "Chairman of the Council of People's Commissars ". At the same time, the head of the state was first called "Chairman of the Central Executive Committee " (until 1938) and then "Chairman of the Presidium of the Presidium of the Supreme Soviet ". In Communist China, Mao Zedong

264-508: The chair exceeds their authority, engages in misconduct, or fails to perform their duties, they may face disciplinary procedures. Such procedures may include censure , suspension, or removal from office . The rules of the organization would provide details on who can perform these disciplinary procedures. Usually, whoever appointed or elected the chair has the power to discipline them. There are three common types of chair in public corporations. The chief executive officer (CEO) may also hold

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288-419: The chair vary widely across organizations. In some organizations they have the authority to hire staff and make financial decisions. In others they only make recommendations to a board of directors , or may have no executive powers, in which case they are mainly a spokesperson for the organization. The power given depends upon the type of organization, its structure, and the rules it has created for itself. If

312-482: The chair" and is also referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. (or Madam) Chairman (or Chair or Chairperson)" rather than using a name – one of many customs intended to maintain the presiding officer's impartiality and to ensure an objective and impersonal approach. In the British music hall tradition, the chairman was the master of ceremonies who announced

336-509: The chair. The FranklinCovey Style Guide for Business and Technical Communication and the American Psychological Association style guide advocate using chair or chairperson . The Oxford Dictionary of American Usage and Style (2000) suggested that the gender-neutral forms were gaining ground; it advocated chair for both men and women. The Daily Telegraph 's style guide bans the use of chair and chairperson ;

360-454: The deputy. After the 2006 reorganization, the management cadre ran the business, while the chair oversaw the controls of the business through compliance and audit and the direction of the business. Non-executive chair is also a separate post from the CEO; unlike an executive chair, a non-executive chair does not interfere in day-to-day company matters. Across the world, many companies have separated

384-534: The event. Terms for the office and its holder include chair , chairperson , chairman , chairwoman , convenor , facilitator , moderator , president , and presiding officer . The chair of a parliamentary chamber is sometimes called the speaker . Chair has been used to refer to a seat or office of authority since the middle of the 17th century; its earliest citation in the Oxford English Dictionary dates to 1658–1659, four years after

408-428: The first citation for chairman . Feminist critiques have analysed Chairman as an example of sexist language, associating the male gender with the exercise of authority, this has led to the widespread use of the generic "Chairperson". In World Schools Style debating , as of 2009, chairperson or chair refers to the person who controls the debate; it recommends using Madame Chair or Mr. Chairman to address

432-406: The group chair of HSBC is considered the top position of that institution, outranking the chief executive, and is responsible for leading the board and representing the company in meetings with government figures. Before the creation of the group management board in 2006, HSBC's chair essentially held the duties of a chief executive at an equivalent institution, while HSBC's chief executive served as

456-452: The group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as president (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead

480-412: The newspaper's position, as of 2018, is that "chairman is correct English". The National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of chairperson and rescinded it in 2017. The word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings, the person presiding is said to be "in

504-506: The performances and was responsible for controlling any rowdy elements in the audience. The role was popularised on British TV in the 1960s and 1970s by Leonard Sachs , the chairman on the variety show The Good Old Days . "Chairman" as a quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed the collective control of Soviets (councils or committees) by beginning to refer to executive figureheads as "Chairman of

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528-568: The roles of chair and CEO, saying that this move improves corporate governance. The non-executive chair's duties are typically limited to matters directly related to the board, such as: Many companies in the US have an executive chair; this method of organization is sometimes called the American model. Having a non-executive chair is common in the UK and Canada; this is sometimes called the British model. Expert opinion

552-492: The title of chair, in which case the board frequently names an independent member of the board as a lead director. This position is equivalent to the position of président-directeur général in France. Executive chair is an office separate from that of CEO, where the titleholder wields influence over company operations, such as Larry Ellison of Oracle , Douglas Flint of HSBC and Steve Case of AOL Time Warner . In particular,

576-541: Was commonly called "Chairman Mao", as he was officially Chairman of the Chinese Communist Party and Chairman of the Central Military Commission . In addition to the administrative or executive duties in organizations, the chair presides over meetings. Such duties at meetings include: While presiding, the chair should remain impartial and not interrupt a speaker if the speaker has the floor and

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