, in the last few years, managers of an increasing number of firms have voluntarily destaggered their boards, exposing … themselves to the risk of being removed from office. This paper investigates why managers decide to destagger their boards. I …

We study the decisions and performance of managers who are also chair of the board (duality managers). We hypothesize … that duality managers take more risky decisions and deliver worse performance than non-duality managers due to reduced … hypotheses: Duality managers take risk that they could easily avoid, deviate from their benchmarks, make extreme decisions, and …