chairman emiritus. what does it mean ?

ANSWER TO THE ABOVE QUESTION Chairman emeritus is a honorary title generally given to founders of a company after they retire from active duties in a company. Emeritus is a post-positive adjective used to designate a retired professor, bishop, or other professional or as a title.A chairman emeritus has retired from his position but retains his professional title. As an honorary title, an emeritus position involves few, if any, responsibilities, but the individual retains a relationship with the institution