Satya Nadela is the chairman of Microsoft breaking the tradition!
Satya Nadela, the CEO of Microsoft, was elected as the chairman of the company last Wednesday. Many have expressed surprise that the same person has been appointed chairman and chief executive officer of a large organization, going beyond the norms of recent years.
Satya Nadela will replace current chairman John W. Thompson. And Thompson will reappoint as chief independent director. Earlier, he was in this post from 2012 to 2014.
In recent years, many companies in the United States have been electing separate CEOs and chairmen. Under pressure from corporate governance experts, shareholders and, in some cases, regulators, the issue has become commonplace.
According to the Wall Street Journal, citing data released by the ISS ESG, 59 percent of S&P 500 companies currently have separate CEOs and chairmen. This number will increase from 37 percent in 2011 to 55 percent in 2020.
DBTech / BMT
Tags: MicrosoftSatya Nadela
