Should Company Directors Be In Charge of Multiple Companies? Renault-Nissan’s Chairman the Latest to Feel the Heat of Investor Groups
Today’s post looks at the issue developing in the corporate world concerning multiple Chairmanships, particularly with regard to leading companies. Following on from investor unrest regarding the positions held by the Chairman of Tesco, which will be discussed in this post, recent investor action against the positions held by Renault-Nissan Chief Carlos Ghosn is keeping this issue in the headlines. So, in order to make sense out of this we will examine the two stories and look at how reasonable it is for one person to hold multiple Chairmanships; with the recent and relative rise of shareholder activism, it is likely that this issue will continue to arise. Before we look at the issues within the French car manufacturer, we need to revisit someone who we have discussed before here in Financial Regulation Matters , and that is the Chairman of Tesco, John Allan. Rather than focus on his comments regarding gender equality, as we have already done, the turn of the year represents a ...