1. Study Examines How CEO Power Affects Companies in Times of Crisis

    Study Examines How CEO Power Affects Companies in Times of Crisis

    CEO governance is an important issue, Nanda said. Regulatory response has been to increase the power of the board or make the board independent of the CEO. Although there is some skepticism about the benefits of intervention, such as independent audit committees, on average, these regulations have helped ...

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    1. We wanted to look at crisis situations in which urgency -- the speed of making a decision -- could potentially be really important.
    2. CEOs can actually benefit from having a board of independent members, or having different voices in the boardroom.
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