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Independent directors: A safeguard on dual roles of CEO-cum-executive chairman

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    • The Code of Corporate Governance provides under Provision 3.3 that the board should have a lead independent director to provide leadership in situations where the chairman is conflicted, and especially when the chairman is not independent.
    • The Code of Corporate Governance provides under Provision 3.3 that the board should have a lead independent director to provide leadership in situations where the chairman is conflicted, and especially when the chairman is not independent. PHOTO: PIXABAY
    Published Thu, Jan 9, 2025 · 05:00 AM

    I REFER to the Hock Lock Siew commentary “Companies should do away with having an executive chairman” (BT, Jan 8).

    While one person occupying both positions of chief executive officer and executive chairman can reduce the overall effectiveness of the organisation, and accountability and conflicts of interests may arise, there are safeguards.

    The Code of Corporate Governance provides under Provision 3.3 that the board should have a lead independent director to provide leadership in situations where the chairman is conflicted, and especially when the chairman is not independent.

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