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Warning: full board independence can reduce your profits

Company boards on which the CEO is the only employee are becoming the norm, but how well do they work? Recent research suggests independent boards are actually detrimental to profitability.

In 1999, 36% of boards in America’s S&P 500 companies were of this kind. By 2015 it had risen to 75%. A key driver has been the recent history of governance and accounting scandals.

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