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

Geoffrey Owen, Tom Kirchmaier

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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.
TidsskriftEuropean Business Organization Law Review
Udgave nummer2
Sider (fra-til)187-213
StatusUdgivet - 2008
Udgivet eksterntJa


  • Chairman
  • CEO
  • Corporate board
  • Non-Executive Director (NED)
  • Senior independent director
  • Appointment
  • Independence
  • Corporate governance reform
  • United Kingdom
  • Outside director