Encouragement for Board Chair’s and CEO’s

Craig Aronoff

The Chairmen’s Forum, a group of experienced chairman from major corporations, has stepped up its effort to encourage the separation of the roles of board chair and CEO.  The group endorses the appointment of  independent chairmen .  Companies in the S&P 500 which divide the roles have almost doubled in the past five years.  While the practices of public companies do not necessarily provide models to family businesses, in this instance we agree with William E. McCracken, head of the Chairman’s Forum, that “boards function much more effectively” with responsibilities split between the chair, who manages the board, and the CEO, who manages the company.

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