stjórnarformaðurs

Stjórnarformaður is an Icelandic term that translates to "chairman of the board" or "chairperson of the board" in English. It refers to the individual who presides over the meetings of a company's board of directors. The stjórnarformaður is responsible for leading the board's discussions, ensuring that meetings are conducted efficiently and according to established procedures.

The specific duties and responsibilities of a stjórnarformaður can vary depending on the company's bylaws and the jurisdiction in which it operates. However, common tasks include setting the agenda for board meetings, facilitating discussions among board members, and ensuring that decisions are made and documented. The stjórnarformaður often acts as a liaison between the board and the company's management, particularly the CEO.

In many corporate governance structures, the stjórnarformaður plays a crucial role in overseeing the board's effectiveness and ensuring that it fulfills its fiduciary duties to the company and its shareholders. This can involve evaluating board performance, recommending board member appointments or re-appointments, and ensuring that the board has access to adequate information to make informed decisions. The position is a significant leadership role within an organization.