An independent chairman could uncover or minimize damage from fraud while also meting out punishment more impartially after the fact. The longtime corporate governance argument has new legs in light of the account scam at Wells Fargo, whose board is led by CEO John Stumpf.
from American Banker http://www.americanbanker.com/news/national-regional/wells-scandal-renews-calls-to-split-up-ceo-and-chairman-roles-1091549-1.html
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