Recent corporate governance reforms in various countries urge (and often require) firms to add more outside directors to their boards and separate the jobs of board chairman and CEO. Yet, academic research has not been able to conclusively support the merits of both practices. Why?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
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Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section: Chapter Questions
Problem 8CTQ: How would a stakeholder approach, if taken by the companys top leaders and board of directors, have...
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Recent corporate governance reforms in various countries urge (and often require) firms to add more outside directors to their boards and separate the jobs of board chairman and CEO. Yet, academic research has not been able to conclusively support the merits of both practices. Why?

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