Defining the Roles of CEO's vs. Chairmen of the Board.
Mike Rhodes authored an interesting post over on his Corporate Governance Blog exploring the evolving roles of Chief Executive Officers vs. those of Chairmen of the Board. According to Mr. Rhode's research, there is a growing trend towards definitively separating these two roles. Almost 30% of the S&P 500 split the positions in 2005, as compared to just over 20% in 2001. This trend could have interesting implications in cases involving the duties, or the breaches thereof, of individuals taking on these respective roles.