Chairman of the Board of Directors is appointed as per provisions of the Indian Companies Act, 2013 and articles of the company. A supplementary agreement known as an agreement to appoint chairman of the board is usually executed to strengthen the position of the company and to make sure duties entrusted on the chairman are done to the best of his ability. Usually, it’s a member of the board who may be elected to be the chairman by a resolution of the company passed at the meeting. Hereunder is a sample agreement for appointment of chairman of the board. This is for reference purpose only. You could view the sample agreement and have one drafted for your business needs.
