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segregation of duties the chair is the public representative and the Ceo is responsible for the financials of the company.
it ensures there is no conflict of interest with the decision making
although you can argue against that two people can conflict on situations and take longer to decide on decisions.
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However it is acceptable to have one person to be CEO and Chair at the same moment but for a short time if a company is suffering tight times and there is need for quick decisions.
.both jobs are demanding and no one person would be able to do both jobs well
.no one person will have unfettered powers of decision making
. if the board led by CEO than the board will be ineffective in controlling CEO
. seperation of role would avoid conflict of interest.
. chairman is responsible to provide timley and accurate info to the board, if it is led by CEO, the sufficiecy and objectivity ofinfo could be questionable.
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