Leadership Structure and Corporate Governance in Switzerland
Journal
Journal of Applied Corporate Finance
ISSN
1078-1196
Type
journal article
Date Issued
2008-02
Author(s)
Abstract
The question of whether the CEO should also serve as chairman of the board continues to be a controversial issue in corporate governance. While "agency cost" arguments would lead one to advocate separation of the top decision-making and control functions, there are efficiency and coordination arguments for vesting the powers of the CEO and chair in the same person. And helping to keep the controversy alive, the empirical evidence on U.S. companies is inconclusive, with no clear loss of value associated with having combined CEO/chairmen. Copyright (c) 2008 Morgan Stanley..
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Cantillon and Mann
Publisher place
Hobokes, NJ
Volume
20
Number
1
Start page
109
End page
120
Pages
12
Subject(s)
Division(s)
Eprints ID
210183