What Ce Os Think About Their Boards
The tough standards outside directors are demanding for chief executives may cut both ways. A study of 124 large, public companies by executive recruiters Heidrick Partners reveals that nearly 40% of CEOs regard their outside directors as only "somewhat effective" or worse. And a big majority of CEOs think corporate performance would benefit from formal reviews of those outsiders. Yet fear of confrontation is cited by 63% of the same executives as reason for avoiding reviews.
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