Yeo, Hee-Jung; Pochet, Christine; Alcouffe, Alain - In: Journal of Management and Governance 7 (2003) 1, pp. 87-108
In France the chairperson of the board is mostoften the firm's CEO. This position strengthensthe insiders' hold on the board of directors.Moreover, a large fraction of outside directorsis composed of CEOs of other firms. Thereciprocal interlocking of CEOs creates the possibility of mutual...
