May 6, 2020
Charlotte Business Journal
Over the past decade, there has been a push, often by activist investors and institutional shareholders, to reduce a CEO’s power. An independent chairman is one way to do that.
One argument is that separate roles can increase accountability and strengthen the board's independence from a company's management team, Charlotte partner B.T. Atkinson told the Charlotte Business Journal.
"There's sort of an inherent conflict of interest in ... having the roles combined," Atkinson said. "It's the board's job to oversee management, and the CEO is the lead member of the management team, so it gets to be a bit circular."
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