Corporate Governance: should one person serve as chairman and CEO?

In the United States of America, only about 20% of Standard & Poor’s (S&P) 1500 companies have a split leadership between a CEO and an independent chairman. “Half of the chairs of the S&P 500 double as their companies’ chief executive, and the vast majority of the rest are former CEOs”. In 2004, under the chairmanship of Jay Lorsch and David Nadler, a blue-ribbon commission chartered by the National Association of Corporate Directors and made up of directors, corporate executives, academics, advocates and advisers concluded among others that based on…

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