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Reviews of Phantom Theater: Opening Nightmare

Cedar Fair appoints new chairman

BoddaH1994
in Other Amusement Parks & Industry News

Featured Replies

I don't understand the "independent board chairman" when he was already on the board. 

When I think of independent, I think an outside person? 

For everyone's benefit here is a brief definition:

Quote

Having an independent chair helps the board carry out its primary duty—to monitor the management of the company on behalf of its shareowners. A CEO who also serves as chair can exert excessive influence on the board and its agenda, weakening the board's oversight of management.

A good thing to have in my opinion even in tightly held organizations.

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