Splitting the roles of CEO and chair may help companies prepare for future challenges and avert the risks associated with concentrating power in the hands of one individual.
Image: kenchiro168 / Shutterstock
Having the right structure at the top of a company is crucial for its success. We at Legal & General Investment Management (LGIM) think that when a single person is tasked with exercising management duties and challenging management simultaneously, this inherently presents a conflict.
Recent news stories have illustrated the importance of splitting the two roles. The arrest of Nissan’s chariman, Carlos Ghosn, who is also chai
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
The first governance code was launched in Britain 25 years ago, following a set of corporate scandals. Since then, governance has evolved to tackle more complex challenges that are no longer local—they're global, and they're pressing.