Chairman and Chief Executive relationship 'can be too close'

A too close relationship between chairman and chief executive can be a signal for excessive risk-taking in a company, a high-powered panel of Scottish accountants warned. Guy Jubb, head of corporate governance at Standard Life Investments, told a forum on risk management staged in Edinburgh by the Institute of Chartered Accountants of Scotland that boardroom culture had changed over the past five years, particularly in the financial sector.