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.
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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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Board Agenda was at the Non-Executive Director Awards in London to see Sir Roger Carr—chair of BAE Systems and the English National Ballet, former chair of Cadbury and Centrica—receive the Lifetime Achievement Award. In his acceptance speech Sir Roger explored the qualities that make a good non-executive.