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Follow the leader

Catherine M. Dalton (Editor of Business Horizons, David H. Jacobs Chair of Strategic Management, and Research Director of the Institute for Corporate Governance in the Kelley School of Business, Indiana University (e‐mail: cdalton@indiana.edu).)
Dan R. Dalton (Director of the Institute for Corporate Governance and Harold A. Poling Chair of Strategic Management in the Kelley School of Business, Indiana University (e‐mail: dalton@indiana.edu))

Journal of Business Strategy

ISSN: 0275-6668

Article publication date: 1 February 2005

1267

Abstract

Purpose

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Looks at the current structure of boards where the CEO fills all leadership roles. Benefit is in having a single voice. Disadvantage is having CEO self‐monitor.

Findings

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A lead independent director (LID) can crate an effective system of corporate governance. The LID is chosen form among the ranks of outside board members and serves as a liaison between corporate management and the outside board members.

Practical implications

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Provides managers with information on the benefits of creating a LID position.

Originality/value

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Of particular value to CEOs and other board members and outside recruiters of board members.

Keywords

Citation

Dalton, C.M. and Dalton, D.R. (2005), "Follow the leader", Journal of Business Strategy, Vol. 26 No. 1, pp. 8-9. https://doi.org/10.1108/02756660510574989

Publisher

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Emerald Group Publishing Limited

Copyright © 2005, Emerald Group Publishing Limited

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