Since the early 2000s, splitting the Chair / CEO roles has become the norm in Canada, and with good reason: more
than any other individual governance best practice, Chair / CEO split with an independent chair is highly correlated with adoption of other good governance practices and disclosure.
The
governance of the Eurozone will need to concentrate on helping
individual member states better internalise their obligations to
other states rather
than on creating ever more coercive enforcement mechanisms.