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Question
Which of the following is true regarding CEO duality?
a. From an agency theory standpoint, if the board is to supervise agents such as the CEO, it seems imperative that the board be chaired by the same individual.
b. In US firms with CEO duality, the trend now is to appoint a lead independent director, who chairs the sessions held by outside directors that do not involve company executives.
c. A corporation led by two top leadersa board chairperson and a CEOwill at least have unity of command and experience less top-level conflict.
d. Firms around the world are being pressured to combine the two top jobs..
Answer
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