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Separating the Board Chairperson and Numerous reports on corporate governance have emphasised the desirability of increasing the number of outside directors on boards An equally important and related issue is a growing insistence that the role of chairman and chief executive should be separate though on this issue there is less unanimity in the US than in other countries Choosing the right Chief Executive officer is the key task for the board of directors Pressure on chief executives to perform in ever decreasing time frames makes it essential that the CEO and the Board work closely together An effective chief Executive will drive company strategy lead the top team and fulfill shareholder ambitions A good CEO will transform Board dynamics by keeping an open line of communication placing a high value on Board input and promoting the belief that management and the Board is working toward common goals The average Board size is between eight and nine members It used to be that Boards were constructed of executives with one or two non-executives but trends are swiftly driving executives out of the boardroom as even the CEOs familiar role as chairman has been called into question There has been a notable shift from executive director to non-executive director in the boardroom The supposed advantages to these changes are to provide greater board independence from management greater objectivity and a representation of multiple perspectives Bosch believes that the fundamental principle underlying this composition is accountability if you have strong independent directors a separation of the Chair Chief executive role will safeguard accountability An opinion widely held is that separating the role of chairman from chief executive- would secure a board sufficient power to challenge CEO dominance Although in many cases that rationale holds true there are considerable benefits to CEO dualityResearchers have suggested that chairmanchief executive duality is a double-edged sword While some stockholders are put off by the absence of board control
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