By Catherine Dunn, July 3 2013, Corporate Counsel
Proponents of splitting chief executive officer and board chair roles will find allies in the real estate and hospitality industries, where more than half of top executives polled in FPL Advisory Group’s 2013 “Corporate Governance Outlook” survey said they favor keeping those roles separate.
FPL surveyed more than 80 CEOs, directors, and board governance committee chairs from real estate investment trusts, hospitality companies, and homebuilders.
“There is an ‘ongoing push’ for independent leadership at the board level,” the report finds. “Fifty-two percent . . . of the respondents in the 2013 survey agreed that the chairman and chief executive roles should be separate.” Continue reading…