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SEC Form 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section 16. Form 4 or Form 5 obligations
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The chairman is the leader of a board or committee, responsible for presiding over meetings and making executive decisions. The acting president is a temporary role filled by someone who takes on the responsibilities of the president when the president is unavailable.
Typically, organizations or corporations may require the chairman and acting president to file certain documentation to comply with corporate governance and regulatory guidelines.
Filling out the chairman and acting president documentation generally involves providing personal information, organizational details, and specific roles and responsibilities held by the individuals in these positions.
The purpose of having a chairman and acting president is to ensure effective leadership and decision-making within the organization, even during transitions or temporary absences of key leadership.
Information typically reported includes names of the individuals in these roles, their terms of service, roles and responsibilities, and occasionally, the context under which the acting president was appointed.
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