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一、引言董事会领导结构是指董事长与CEO的兼任情况,如果两项职位兼任则定义为CEO二元性。在上市公司的委托代理关系链中,董事会由股东大会直接选举产生,直接代表股东利益行使权力;而CEO则由代表股东利益的董事会来选聘。董事长与CEO的兼任则会带来多种影响,尤其是对公司绩效来说。但是,是否应该支持CEO二元性尚未得到定论。CEO的二元性即CEO和董事长由一个人担任这一现象以被学者关
I. INTRODUCTION The leadership structure of the board of directors refers to the part-time relationship between the chairman and the CEO. If the two positions concurrently serve as the CEO duality. In the principal-agent relationship chain of listed companies, the board of directors is directly elected by the general meeting of shareholders, which directly exercises the power of representing the interests of shareholders. The CEO is selected by the board of directors that represents the interests of shareholders. The combination of chairman and CEO has many implications, especially for company performance. However, whether or not it should support the duality of CEO has not yet been conclusive. CEO duality that CEO and chairman of the board by a person as a phenomenon to be scholar