Chief Executive Officer (CEO Duality)
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Chief executive officer (CEO) duality refers to the relationship between the chairperson of the board of directors and the CEO of the company. More specifically, duality of power is defined as the union of the positions of board of directors chairperson and the CEO of the firm in the same person (Gove et al. 2017). This definition of CEO duality, accepted by a greater number of academics, is the so-called pure duality or dual leadership structure (Krause et al. 2014).
The separation of the roles of CEO and board chairperson is an issue that has generated great debate in the literature on corporate governance and one that is still unresolved (Chang et al. 2019; Daily and Dalton 2015; Wang et al. 2019). Although there is no unanimity in the recommendations of codes of good governance, in general they suggest an effective separation of the figures of CEO and board chairperson, and none...
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