Ready, Fire, Aim! - Mihail's Public Blog: CEO, chairman posts' division recommended

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Thursday, January 9, 2003

CEO, chairman posts' division recommended

As expected, a prominent commission has recommended the separation of CEO from board chairman ccording to this Wall Street Journal story (subscription required):

A blue-ribbon panel's endorsement of separate board chairmen or powerful "lead" directors could weaken chief executive officers' once-solid grip on U.S. boardrooms, industry experts say

...The Commission on Public Trust and Private Enterprise was created last year by the Conference Board, a New York business-research organization. The panel's report, released at a news conference here, offered a range of "best practices" to improve governance, shareholder relations and the accounting industry.

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