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Found 1 from your keywords: author=Jeffrey L. Coles

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Leadership structure: Separating the CEO and Chairman of the Board

Gregg Jarrell James A. Brickley Jeffrey L. Coles

Shareholder activists and regulators are pressuring U.S. firms to separate the titles of CEO and Chairman of the Board. They argue that separating the titles will reduce agency costs in corporations and improve performance. The existing empirical evidence appears to support this view. We argue that this separation has potential costs, as well as potential benefits. In contrast to most of the pr…

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Series Title: Leadership structure: Separating the CEO and Chairman of the Board
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