From Corporate Board Member magazine, March/April, 2005:
Boards differ fundamentally on either side of the Atlantic, most clearly over the issue of the combined roles of the chairman and CEO. I believe these should be separated, as the skills required are different and the functions they perform are different. The chairman runs the board; the CEO runs the company. The chairman has to set the tone at the board, to make sure that the information flow is good, and to know enough about the company to know when to worry. There has to be a supportive relationship with the CEO, but not so close that if it ever comes to it he can’t do the difficult but sometimes necessary job of changing the chief executive.
See full article.
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