The FIDE (Fédération Internationale des Échecs or World Chess Federation) bestows the title of Gradmaster to the male and female chess players. Apart from the World Champion, Grandmaster is the highest title that a chess player can acquire.
Once it is achieved, the title can be held for life.
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Established in 1951, the title is awarded by FIDE to the individuals who are considered competent of acting as an arbiter in important chess matches. The role of an arbiter is to ensure that the rules and regulations of the game are adhered to.