by Koo Jin Shen for The Brunei Times/Asia News Network
CEO duality, or when a chief executive officer and the chairman of its board of directors is the same person is a huge problem in Asia, said an expert in internal auditing and fraud prevention.
“As a best practice, (the CEO and the chairman of the board) should never be the same person because the functions are distinctively different,” said Sanjeev Gathani, a 10-year veteran in the field of internal auditing and fraud prevention and investigation.
“The chairman overseas the board of directors and the CEO reports to the board of directors. If you have the same person doing both jobs, it becomes a problem,” he said. Read more here.