The changing role of the chairman: Impact of corporate governance reform in the United Kingdom 1995-2005

Geoffrey Owen; Tom Kirchmaier

doi:10.1017/S1566752908001870

The changing role of the chairman: Impact of corporate governance reform in the United Kingdom 1995-2005

Geoffrey Owen, Tom Kirchmaier

IMP Business Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Abstract Based on twenty-five semi-structured interviews with company chairmen, we were able to establish that there is resounding support for the split of the positions of chairman and CEO. In addition, chairmen play a key role in making the board a success, partly by establishing the right tone and procedure at the top. The chairmen we interviewed believe that the quality of boards has improved over the last ten years and that directors take their responsibilities more seriously. However, the drive for better corporate governance, though generally welcome, has in some respects become counterproductive. © T.M.C. Asser Press 2008.

Original language	English
Pages (from-to)	187-213
Number of pages	26
Journal	European Business Organization Law Review
Volume	9
Issue number	2
DOIs	https://doi.org/10.1017/S1566752908001870
Publication status	Published - Jun 2008

Keywords

Appointment
CEO
Chairman
Corporate board
Corporate governance reform
Independence
Non-executive director (NED)
Outside director
Senior independent director
United Kingdom

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10.1017/S1566752908001870

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abstract = "Abstract Based on twenty-five semi-structured interviews with company chairmen, we were able to establish that there is resounding support for the split of the positions of chairman and CEO. In addition, chairmen play a key role in making the board a success, partly by establishing the right tone and procedure at the top. The chairmen we interviewed believe that the quality of boards has improved over the last ten years and that directors take their responsibilities more seriously. However, the drive for better corporate governance, though generally welcome, has in some respects become counterproductive. {\textcopyright} T.M.C. Asser Press 2008.",

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AB - Abstract Based on twenty-five semi-structured interviews with company chairmen, we were able to establish that there is resounding support for the split of the positions of chairman and CEO. In addition, chairmen play a key role in making the board a success, partly by establishing the right tone and procedure at the top. The chairmen we interviewed believe that the quality of boards has improved over the last ten years and that directors take their responsibilities more seriously. However, the drive for better corporate governance, though generally welcome, has in some respects become counterproductive. © T.M.C. Asser Press 2008.

KW - Appointment

KW - CEO

KW - Chairman

KW - Corporate board

KW - Corporate governance reform

KW - Independence

KW - Non-executive director (NED)

KW - Outside director

KW - Senior independent director

KW - United Kingdom

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EP - 213

JO - European Business Organization Law Review

JF - European Business Organization Law Review

IS - 2

ER -

The changing role of the chairman: Impact of corporate governance reform in the United Kingdom 1995-2005

Abstract

Keywords

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