Victoria Tellez is the Research Director at FCLTGlobal. This post is based on her FCLTGlobal memorandum.
In governance circles, few topics generate more debate than whether the CEO should also serve as board chair. Regulators in some markets have taken firm positions, and activists often argue that separation between the two roles is a universal best practice.
For boards and executives, the key is not conforming to a governance trend or reacting to external pressure. It is choosing a structure that fits the company’s long-term needs, explaining that choice transparently, and ensuring the board has the expertise, independence, and processes to govern effectively, regardless of who holds the gavel.
