Corporate Governance and Chairmanship: A Personal View

Sir Adrian Cadbury, in this modest but persuasive book, praises the Anglo-Saxon unitary board over the German two-tier model, but he sees significant differences in the way American and British boards operate. There is little doubt which he thinks is more effective. On American boards, he says, the CEO is normally in charge, supported by the board. In Britain, the board is unquestionably in charge. … [ Read more ]