CEO and chair roles shouldn't be split unless completely necessary, study finds
Monday, October 15, 2012 - 04:30
in Mathematics & Economics
In a challenge to prevailing wisdom that CEO and board chair positions should be held by two different people as "best practice," new research indicates that the roles should be split only when there is a performance problem, and then only through a "demotion strategy" that keeps the CEO but brings in an independent chair, as an overt signal to reverse course.