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GMAT Sentence Correction (SC) | Re: The chairman of the board of directors have decided that

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The chairman of the board of directors have decided that this year's profits will be used for research and development, rather than for a shareholder dividend.

Meaning analysis:
The chairman has decided something about this year's profits i.e. this year's profits will be used for R&D rather than for a shareholder dividend.

Error:
1) Subject verb: Chairman is the singular subject of the plural verb have decided and thus is wrong.
Correct verb here is has decided
2) Idiom: The correct idiom
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