How To Separate The Roles Of Chairman And CEO
- Topics:
- Strategy Formulation
- Tags:
- Business Operations,
- Corporate Governance,
- Corporate Law,
- Finance,
- Financial Accounting,
- Human Resources,
- McKinsey & Co.,
- Role,
- Workforce Management
- Source:
- McKinsey & Company
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Overview: From the executive summary: ‘In the US, most companies are separating the roles of the chairman and the CEO. While most companies in the US and elsewhere agree that separating the two roles makes sense, many are less sure about the best way to proceed. The uncertainty results in part from the polarized opinions of key stakeholders about whether to separate the roles in the first place and in part from the absence of widely disseminated best practices. For instance, company directors and investors in the US seem to support splitting the roles hardly surprising, given the mounting pressure on boards to become more independent of management, but CEOs are understandably less certain.’ The paper examines this issue in detail.
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Format: HTML | Date: Dec 2004 | Pages: 7
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