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The All-Powerful CEO Bad for Boardroom


Simon C. Y. Wong


Northwestern University School of Law; Governance for Owners; London School of Economics

Financial Times, November 13, 2011

Abstract:     
This commentary argues that disparity in stature between the chief executive and other directors (for example, a 'star' CEO whose accomplishments and renown are much greater that the non-executive directors) can harm board performance and provides suggestions on how parity in stature among board members can be maintained so as to preserve the board's standing and authority.

Note: This article is drawn in part from 'Elevating board performance: The significance of director mindset, operating context, and other behavioral and functional considerations' (available at http://ssrn.com/abstract=1832234).

Number of Pages in PDF File: 2

Keywords: board of directors, star CEOs, relative status, group dynamics and behavior

JEL Classification: G34, L20

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Date posted: November 17, 2011  

Suggested Citation

Wong, Simon C. Y., The All-Powerful CEO Bad for Boardroom. Financial Times, November 13, 2011. Available at SSRN: http://ssrn.com/abstract=1960356

Contact Information

Simon C. Y. Wong (Contact Author)
Northwestern University School of Law ( email )
375 E. Chicago Ave
Chicago, IL 60611
United States
HOME PAGE: http://twitter.com/SimonCYWong
Governance for Owners
26 Throgmorton Street
London, EC2N 2AN
United Kingdom
London School of Economics
Houghton Street
London, WC2A 2AE
United Kingdom
HOME PAGE: http://www.lse.ac.uk/collections/law/staff/simon-wong.htm
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