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

Geoffrey Owen; Tom Kirchmaier

doi:10.1017/S1566752908001870

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

Research output: Contribution to journal › Journal article › Research › peer-review

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.

Original language	English
Journal	European Business Organization Law Review
Volume	9
Issue number	2
Pages (from-to)	187-213
ISSN	1566-7529
DOIs	https://doi.org/10.1017/S1566752908001870
Publication status	Published - 2008
Externally published	Yes

Keywords

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

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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.",

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