On today’s episode, Virginia Rhodes, Partner at Meridian Compensation Partners, LLC, explains how the executive chair blends board leadership with hands-on strategy, when and why companies use the role during CEO transitions and what drives compensation decisions. She outlines how clear duties, governance alignment and communication plans support smooth transitions.

Key Takeaways:

00:00 Introduction.

03:10 Executive chairs combine board leadership with active strategic involvement.

04:22 Non-executive chairs focus on oversight and governance.

06:54 Among large US companies, the executive chair role remains relatively uncommon.

08:33 Stability and continuity support leadership change.

10:32 Early deliberate discussion strengthens compensation planning.

11:39 Incentive design aligns with responsibilities and time in role.

14:38 Day-to-day involvement and CEO mentorship distinguish this role.

22:12 Clear duties and communications enable effective governance.

Resources:

Virginia Rhodes

https://www.linkedin.com/in/virginia-rhodes-b361251/

Meridian Compensation Partners, LLC

https://www.linkedin.com/company/meridian-compensation-partners-llc/

This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.



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