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The position of corporate leadership in the context of corporate governance has been emphasized in a majority of corporate governance reports and forums. In corporate leadership, the roles and responsibilities of a company´s management which include the CEO, board of directors and chairman, are important. This is because these groups play very important roles in the governance of companies. In the presence of proper governance mechanisms, boards of directors and CEOs are able to significantly affect the direction that the firm takes. The relationship between the Chief Executive Officer (CEO) and corporate board of directors gains central attention especially due to the problems encountered by famous companies such as Enron and WorldCom, which renewed concerns about the effectiveness of board monitoring. This book provides a framework for analysis of the relationship between the CEO and Board of Directors, and the effects of this relationship on the firm´s performance. The framework is helpful for all shareholders, stakeholders and, especially, for the board of directors and CEOs, to understand and investigate the CEO-Board relationship in firms.

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PhD student of accounting, at Graduate School of Management (GSM), University Putra Malaysia (UPM). He is a lecturer in Iranian universities. He is a member of the American Accounting Association and the American Finance Association. He is also a professional financial manager at Iranian companies and organizations.

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