Household HSBC Watch

From an interview with John Bond of HSBC:

Benjamin: How do the roles of chairman and chief executive differ?

Bond: Oh, clearly, the chairman is responsible for the strategy of the group, responsible for the board, responsible for corporate governance and probably the lead spokesman for the organization. The chief executive is responsible for the day-to-day performance of the business, the annual operating plans, the key managerial appointments, and for making sure the businesses which are under performing are worked on until they perform. See the full article from CNN.