Splitting the CEO and the ChairJoseph McCafferty
Harry Pearce has logged a lot of hours in boardrooms over the years. From his days as vice chairman of General Motors to his current posts as non-executive chairman of Nortel Networks and MDU Resources, a Fortune 500 energy and construction company, he has experienced the full spectrum of board structures and styles. And while many CEOs and some governance gurus argue that a company should use the leadership structure that suits its needs, Pearce says there is really only one way to go: a strong CEO to lead the business and an independent, non-executive chairman to lead the board.
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