Turbulence in the American economy resulted in corporate stakeholders demanding change. Scandals resulting from poor ethical choices have hindered both the integrity of financial markets and systems of corporate governance. Globalization resulted in a spiral decline of government control, which in turn created a greater need for accountability within organizations. One such adjustment was the separation of the CEO and Chairman roles within organizations. When a CEO also holds the title of Chairman, personal conflicts could impede that overall goal of wealth maximization. Corporate governance...