The number of U.S. companies that separate the chairman and CEO roles is at a historic high: 40% of the S&P 500 now separate the roles, up from 23% a decade ago, according to Spencer Stuart. Of the 40%, 19% may be classified as independent Chairs, up from 9% five years ago. A new report […]
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DTCC Splits Chair and CEO Positions
James McRitchie, 01/06/2011 ,
The company that holds legal title to about 80% of all American stocks announced this week that it will separate the role of chairman and chief executive officer following a two-year review of the organization’s governance. Splitting the roles will increase its oversight of risk management and follows a growing trend by international companies that […]