Follow the leader
Abstract
Purpose
Looks at the current structure of boards where the CEO fills all leadership roles. Benefit is in having a single voice. Disadvantage is having CEO self‐monitor.
Findings
A lead independent director (LID) can crate an effective system of corporate governance. The LID is chosen form among the ranks of outside board members and serves as a liaison between corporate management and the outside board members.
Practical implications
Provides managers with information on the benefits of creating a LID position.
Originality/value
Of particular value to CEOs and other board members and outside recruiters of board members.
Keywords
Citation
Dalton, C.M. and Dalton, D.R. (2005), "Follow the leader", Journal of Business Strategy, Vol. 26 No. 1, pp. 8-9. https://doi.org/10.1108/02756660510574989
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited