Separation of powers makes for healthy board dynamics
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
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