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The Changing Role of the Chairman: Impact of Corporate Governance Reform in the United Kingdom 1995-2005

Published online by Cambridge University Press:  09 July 2008

Geoffrey Owen  and
Tom Kirchmaier
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Abstract

Based on twenty-five semi-structured interviews with company chairmen, we were able to establish that there is resounding support for the split of the positions of chairman and CEO. In addition, chairmen play a key role in making the board a success, partly by establishing the right tone and procedure at the top. The chairmen we interviewed believe that the quality of boards has improved over the last ten years and that directors take their responsibilities more seriously. However, the drive for better corporate governance, though generally welcome, has in some respects become counterproductive.

Keywords

chairmanCEOcorporate boardnon-executive director (NED)senior independent directorappointmentindependencecorporate governance reformUnited Kingdomoutside director
Type
Articles
Information
European Business Organization Law Review (EBOR) , Volume 9 , Issue 2 , June 2008 , pp. 187 - 213
Copyright
Copyright © T.M.C. Asser Press 2008

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