Serious pressure is finally mounting on companies to bring about total chairman independence
Companies worldwide are wrestling with the question: are two heads better than one? Increasingly, the view of the investment community is that separate people should hold the roles of company chairman and chief executive. It is a view that has long been catching on among companies in the UK, where the vast majority of firms already separate these roles. In the US, by contrast, one individual still typically holds both top jobs.But US firms are finally beginning to feel the pressure to separate
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