General Counsel may find they are working at a company with co-CEOs, and there is reason to believe the management set-up will work, especially if it was properly implemented.
“It’s not a very common structure,” Joseph Porac, a professor at New York University’s Stern School of Business, said in an interview with InsideCounsel, about co-CEOs. “It can work.”
In fact, there are some potential negatives when co-CEOs are in charge. According to European CEO, “Egos inevitably become inflated when moved into the echelons of upper management – and even when two seasoned and mature executives think they’ve evenly distributed the responsibilities of their shared job, it’s exceedingly difficult for companies to adapt to a divided command structure.”
There is another problem related to reporting because board members are not sure to whom they should be reporting.