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Personal connections are powerful things. Chief executives who have social links to the non-executive directors on their boards are much less likely to be dismissed for poor performance than their unconnected peers, according to research … Even if they are fired, they are more likely to find new, better employment, said Dr Bang Dang Nguyen, the report’s author and finance lecturer at Cambridge Judge Business School…”

Read the full article [thesundaytimes.co.uk]