The changing role of the chairman: Impact of corporate governance reform in the United Kingdom 1995-2005

被引:3
|
作者
Owen, Geoffrey [1 ]
Kirchmaier, Tom [2 ,3 ]
机构
[1] London Sch Econ, Dept Management, London, England
[2] London Sch Econ, Financial Markets Grp, London, England
[3] Manchester Business Sch, Manchester, Lancs, England
关键词
chairman; CEO; corporate board; non-executive director (NED); senior independent director; appointment; independence; corporate governance reform; United Kingdom; outside director;
D O I
10.1017/S1566752908001870
中图分类号
F [经济];
学科分类号
02 ;
摘要
Based on twenty-five semi-structured interviews with company chairmen, we were able to establish that there is resounding supportfor 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.
引用
收藏
页码:187 / 213
页数:27
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