Answer :
The push for outsider dominance on boards has the benefit of including independent oversight of the CEO and the company strategy.
What does a director's independence mean?
A director must, in the Board's opinion, be free from any business or other affiliations that could materially interfere with, or could reasonably be believed to materially interfere with, the exercise of unrestricted and independent judgment in order to be considered independent.
Can a CEO be an independent director?
Directors must be independent for this purpose, and they are not allowed to keep management roles with the firm, its parents, or its subsidiaries for three years after they leave their posts.
What are CEOs responsible for?
The CEO is responsible to the Board of Directors for the efficient overall management of the business and for adhering to the board-approved policies.
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