CEOs often favor the use of board insiders who often have intimate knowledge of the firm's business affairs.

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CEOs often prefer to use board insiders who have a deeper understanding of the company's operations, management, and culture, as they can provide valuable insights and offer guidance on critical decisions. These insiders may be current or former executives of the company or individuals from other positions within the organization who have a proven track record of business success. As such, having board insiders can be an advantage for CEOs trying to navigate the complex and ever-changing landscape of the business world.

CEOs Often Favor the Use of Board Insiders Who Often