KEITH Skeoch, chief executive of Standard Life Investments, has warned British companies should not follow the American model of only allowing two executives on their boards.
There has been a move towards this approach due to concerns that the board dominance of powerful executives had contributed to the banking crisis.
At RBS and Lloyds Banking Group, the chief executives and finance directors are now the only executives on the board.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
