董事长和CEO两职分离的形式及影响因素综述

Forms and Impacts of the Separation of CEO and Chirman of the Board:Literature Review

近年来,越来越多的企业选择董事长与CEO分离的治理形式。是什么促使了两职合一到两职分离,两职分离可以采用哪些形式,董事会又是基于何种考虑做出决策的?围绕这三个问题,通过对相关最新文献的梳理,从理论逻辑和实证研究的视角,首先对两职合一和两职分离问题的理论基础进行了回顾;其次对两职分离的三种形式进行界定;再次,对三种分离形式背后的影响因素及其因果机制进行归纳和分析,并提出了一个影响两职分离形式选择的概念性模型;最后概述了文章的主要内容,指出了未来可能的研究方向。

The factors that drive the board leadership structure to transfer from combination to sep- aration have gamered plenty of attention. What drives the company to separate the board leader- ship roles？. What kind of separation forms can they take？ Why does the board decide to adopt a certain form other than the other？ What are the influence factors behind them？ In order to answer these problems, this paper carries on the review on the theoretical and empirical level. Firstly, the paper comes up with a review of relevant theories, and generalizes the definitions and character- istics of the three separation forms. Then from theoretical and empirical view, this paper sums up the antecedents of these three types. Finally a model is built up to point out the directions of the field.