Research has shown that separating the roles of CEO and board chair is positively correlated with firm performance when firms operated in high-growth and very complex environments.

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Research studies have found that separating the roles of CEO and board chair can have a positive impact on firm performance in certain contexts. Specifically, this separation is more strongly associated with improved performance in firms that operate in high-growth and very complex business environments, where the demands on the CEO and the board are particularly challenging. In these settings, having separate individuals in these leadership roles can provide greater accountability, more effective decision-making, and a better balance of power and oversight within the organization.

Research Has Shown That Separating the Roles of CEO and Board