Link: https://www.cutter.com/article/when-are-lead-independent-directors-essential-when-are-they-not
From Leadership
Alessia Falsarone examines the evolving role of lead independent directors (LIDs), offering a five-part framework to assess when and how to appoint them. Although LIDs can strengthen board independence and communication, their function varies by context. In firms where the CEO also chairs the board, LIDs often serve as a bridge to management and stakeholders. In other cases, they foster open dialogue on issues like ESG and AI ethics. Falsarone illustrates this with examples, including Coca-Cola’s LID leading efforts in transparency and sustainability amid activist pressure.
Leadership
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