What is honorary chairman of the board?

An honorary chairman of the board is a title given to an individual who has previously held a significant leadership role in an organization, often as a way to recognize their contributions and maintain their involvement in a ceremonial capacity. This position typically does not involve active management or decision-making responsibilities, but rather serves to enhance the organization's prestige and provide guidance based on the individual's experience and reputation. The honorary chairman may participate in events, offer advice to current leadership, and represent the organization in public settings.