TY - JOUR
T1 - The Changing Role of the Chairman
T2 - Impact of Corporate Governance Reform in the United Kingdom 1995-2005
AU - Owen, Geoffrey
AU - Kirchmaier, Tom
PY - 2008
Y1 - 2008
N2 - 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.
AB - 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.
KW - Chairman
KW - CEO
KW - Corporate board
KW - Non-Executive Director (NED)
KW - Senior independent director
KW - Appointment
KW - Independence
KW - Corporate governance reform
KW - United Kingdom
KW - Outside director
KW - Chairman
KW - CEO
KW - Corporate board
KW - Non-Executive Director (NED)
KW - Senior independent director
KW - Appointment
KW - Independence
KW - Corporate governance reform
KW - United Kingdom
KW - Outside director
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=110974993863472&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes
U2 - 10.1017/S1566752908001870
DO - 10.1017/S1566752908001870
M3 - Journal article
VL - 9
SP - 187
EP - 213
JO - European Business Organization Law Review
JF - European Business Organization Law Review
SN - 1566-7529
IS - 2
ER -