Is that a better governance model than the one-board system that American companies use?
This is one of the debates that you’ve been having after Enron and WorldCom. There’s been research. The data I’ve seen is that you cannot boil it down to the structure. You have to basically go to the individuals who are involved. If the individuals can work very well together, if the chemistry is right, if there’s a good operational mode, it can be done in a very positive way. I would not overplay the structure. Bear in mind that Enron had split the role of chairman and CEO, which at that time was the exception to the rule. I think structure is overplayed. What are your observations about the fluidity here among CEOs, boards and shareholders? At the end of the day, it boils down to having a great management team that can act fast because today’s world market is a fast competitive environment. My mantra has always been “Nobody’s perfect.” But a team can be. I believe that. In today’s world, this is even more essential for reasons of increased complexity on a regional basis as well as o
