| Directors prefer parting chairman-CEO roles |
| Govindkrishna Seshan / Mumbai December 19, 2007 |
| Most company directors in India believe that separating the chairman from the post of CEO is an effective method of increasing the effectiveness of a board. As many as 75 per cent of directors interviewed from more than 100 companies, believe that having separate individuals in the two roles helps improve corporate governance. A recent joint study by management consultancy AT Kearney, legal advisory firm AZB & Partners and Hunt Partners, a talent management company, on the state of corporate boards also found that only 39 per cent of the companies had a formal evaluation procedure for the board members. Directors also want to see a more active board culture. Commenting on the separation of CEO-chairman roles, Vivek Gupta, managing director, AT Kearney said "It is the board |
