Director independence has been a cornerstone of modern corporate governance. Regulators, scholars, companies and shareholders have all placed a strong emphasis on director independence as a means to ensure that investors' interests in their companies are well served. But what makes a director...

Recent years have seen a push towards the separation of the roles of CEO and chairperson of the board. While many companies still maintain a combined CEO-Chair role, investors consistently express their concern that the dual CEO-Chair position jeopardizes the independence and effectiveness of...