Peter Browning and William Sparks
Is it better to separate the role of chairman from that of CEO? Does the separation really enhance board governance and effectiveness?
The answer to these questions may lie in a lack of understanding of how boards function. Do some Chairman/CEOs or CEOs try to control and manage their boards and refuse to share important information? The short answer is “yes,” but there are exceptions to consider. However, whether the CEO is chairman of the board or not, today boards are much more involved and engaged in the board’s agenda, committee functions, and operations, and in assuring that the board’s responsibilities and fiduciary duties are satisfactorily fulfilled.