In the LOCATION@1 , similar to a sizable percentage of public companies in the LOCATION@2 , the chair -LRB- man -RRB- -LRB- of the board -RRB- in public companies is more senior than the chief executive -LRB- who is usually known as the managing director -RRB- .

In the LOCATION@1 , the Chairman -LRB- of the Board -RRB- in public companies is more senior than the Chief Executive .
