Separation of duties will lead to: (1) dodge of CEO entrenchment; (2) increase of board monitoring durability; (3) availability of board chairman to advise the CEO, and (4) establishment of shore leave between board of directors and corporate management (Baysinger and Hoskisson, 1990; Fama and Jensen, 1983; Rechner and Dalton, 1991). On the former(a) hand, new(prenominal) researchers believe that since the CEO and chairman are the same person, the company will: (1) discover strong, unambiguous leadership; (2) achieve essential efficiencies through uni ty of command; (3) eliminate possible for ! affair between CEO and board chair, and (4) avoid mental disarray of having two public spokespersons addressing firm stakeholders (Davis, Schoorman and Donaldson, 1997; Donaldson and Davis, 1991). References Baysinger, B., & Hoskisson, R. (1990). The composition of boards of directors and strategic carry: Effects on corporate strategy. Academy of Management Review, 15, 1,...If you hope to get a full essay, order it on our website: BestEssayCheap.com
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