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Future of the American Board

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Director FAQs and Essentials

Board Leadership Structure: Split Versus Combined CEO/Chair

By NACD Staff

01/16/2023

Committees and Roles

In brief: The debate over which board leadership structure is optimal—an independent chair or a combined CEO/chair with a lead independent director—has no exact resolution. NACD supports the position that either board leadership structure can work. How the structure is enacted likely has a more significant impact than which structure is chosen. This memo reviews leading practices for implementing a board leadership structure, relevant trends, and investor perspectives.

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