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Prof. Karen Brenner on separating the role of Chairman and CEO

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Excerpt from Nightly Business Report -- "Every director gets one vote so at the end of the day splitting the roles doesn't change that dynamic and sometimes it's appropriate to split the roles if there's a transition in the CEO role or if the company is going through a certain event in its life -- a transaction, or new leadership -- there are specific instances where splitting the role can be very effective and helpful in arranging or facilitating a transition, but really it is not one size fits all. I think one of the good elements of our governance system is that we allow for different cases and different contexts to respond to the needs of the particular situation."

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