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Fortune
Fortune
Geoff Colvin

CEOs who are also board chairs are the problem not the solution, says top governance expert

Charles Elson Fortune Geoff Colvin Jane Fraser Citigroup
(Credit: Courtesy of John Lamparski / Contributor/Getty Images)
  • In today’s CEO Daily: Geoff Colvin on CEOs who are also board chairs.
  • The big story: OpenAI IPO coming.
  • The markets: U.S. futures are up; global markets are mixed.
  • Plus: All the news and watercooler chat from Fortune.

When Citigroup last week gave CEO Jane Fraser the additional role of board of directors’ chair, the event was a widely covered ho-hum. CEOs are often board chairs as well, and the move merely gave her the same positions held by JPMorgan Chase’s Jamie Dimon and Goldman Sachs’s David Solomon. But the news isn’t quite as ho-hum as it seems.

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