Peter Whitehead reports on the most notable findings from our series of debates called “The Board is Dead; Long Live the Board” as part of the FT's Executive Appointments’ “Better Boards” series.
Every board member should take a turn at being the chairman. This was one of the corporate governance ideas that emerged from a recent think-tank debate, attended by 35 participants.
Being chairman heightens the sense of accountability, it was argued, and “passing the baton of chairmanship” in rotation would improve every nonexecutive’s sense of responsibility to the company...
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