• M.Mounika
• Dr.U.padmavathi

Traditionally, in most of the companies globally, role of the CEO and chairman was played by the same individual. It was believed that the executive under such a structure would possess multiple perspectives as well as the power to quickly enact corporative initiatives. After various scams and scandals were unearthed, the regulators across the globe have recommended the separation of the position of chairman and CEO. Slowly the trend in almost all the countries is towards the separation of the role voluntarily. As critics have come to believe that not separating the role allows little transparency into CEOs actions, and as such these can go unmonitored, paving the way for conflicts of interest. With one government holding each titles, it's been argued that the company’s entire decision-making method lies in hands of 1 person, with very little within the kind of checks and balances. Though the fact is that there is no conclusive evidence linking the separation of the position of CEO and chairman to the firms performance but few studies in the past have found that companies with separate CEOs and chairman consistently outperformed in those companies that combine their roles. The provisions in corporate under the companies act 2013 and clause 49 of the listing agreement recommended the listed companies in India to separate the role. Hopefully Indian public listed companies will take a lead to separate the role more vigorously in the near future.

Corporate governance CEO/chairman, Duality, return on equity

"A STUDY ON SEPARATION OF CHAIRMAN AND CEO AND THERE IMPACT ON RETURN ON EQUITY.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.61-66, April-2019, Available :http://www.jetir.org/papers/JETIR1904G68.pdf

"A STUDY ON SEPARATION OF CHAIRMAN AND CEO AND THERE IMPACT ON RETURN ON EQUITY.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp61-66, April-2019, Available at : http://www.jetir.org/papers/JETIR1904G68.pdf