Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Food for thought

Will anyone on the Board of Directors dare ask the question, "Should the company divide the CEO and Chairman roles?"  If not, why should they remain on the board? 

Pros and cons:

From Indeed

https://www.indeed.com/career-advice/career-development/ceo-duality#:~:text=A%20CEO%20that%20serves%20as,position%20in%20the%20consumer%20market.

"CEO duality is a business practice where the CEO of a company also serves as the chairman of the board of directors. Under this condition, the CEO is able to leverage significant executive power to make critical business decisions in a more timely manner. Typically, the board of directors supervises the CEO to ensure that they carry out responsibilities and activities that serve the better interest of the company and its shareholders. With CEO duality, the CEO can supersede some of these structural formalities."

 

From Idealsboard

https://idealsboard.com/should-your-organization-divide-its-ceo-and-chairman-roles/#:~:text=The%20primary%20benefits%20of%20separating,%2C%20financial%2C%20and%20regulatory%20issues.

"The primary benefits of separating the board chair and CEO positions are reduced risk of conflict of interest and excessive concentration of power. Eliminating these risks allows companies to avoid many reputationalfinancial, and regulatory issues."

And from Investopedia

 https://www.investopedia.com/financial-edge/0912/3-reasons-to-separate-ceo-and-chairman-positions.aspx 

"KEY TAKEAWAYS

  • All public companies have a board of directors headed by a chair, who influences the board; they also have a chief executive officer, who is the top manager in the company.
  • In some companies, the chair also serves as the chief executive officer; while this can streamline some operations, there are also arguments against one person holding this dual role.
  • Executive pay is decided by a corporate board, meaning a CEO who is also chair votes on their own compensation—a clear conflict of interest.
  • Boards monitor corporate governance, or how the CEO runs the company relative to its mandate and shareholder wishes—making it difficult for a chair/CEO to monitor herself.
  • Boards must have a management-free audit committee report to them on corporate oversight, creating a conflict of interest if the company's top manager, the CEO, is also the chair of the board."
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