the board of directors of a u.s. corporation is elected by
Board of directors In some European and Asian countries, there are two separate boards, an executive board for day-to-day business and a supervisory board (elected by the shareholders and employees) for supervising the executive board. In these countries, the CEO (chief executive or managing director) presides over the executive board and the chairman presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board and allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. There is a strong parallel here with the structure of government, which tends to separate the political cabinet from the management civil service. In the United States, the board of directors (elected by the shareholders) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (operating committee or executive council), composed of the CEO and their direct reports (other C-level officers, division/subsidiary heads).
Indian Banks' Association Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members. Current chief executive is V G Kannan. He succeeds M V Tanksale who demitted office as Chief Executive on August 9, 2016, after being at the helm for three years. Previous notable chairman include K R Kamnath, chairman and managing director of Punjab National Bank, M. D. Mallya of Bank of Baroda, V. P. Shetty, M. V. Nair, Rashid Jilani and O P Bhatt.