 The club has been privately owned by stakeholders, in the form of a limited liability company before becoming a publicly owned company trading on the PLUS and AIM stock exchanges respectively.The board of directors are appointed to oversee the corporate operations of the company that owns the club with the chairman being considered as the most senior and high-profile corporate figures.In Rangers history the chairman has generally been the prominent executive on the board, although this has begun to change with the appointment of CEOs which led to some chairmen being appointed in a non-executive capacity.