I'm part of a fairly large family business and we are trying to exercise better corporate governance after a legal battle involving a family member and shareholder. One of the concerns I have is the role of CEO and Executive Chairman belonging to the same individual in the company. I was told recently that if the Chairman is also employed with the company then they're considered an Executive Chairman and that the Executive Chairman role should be held by the same person who is the CEO. The other option is to have the role of Chairman be non-executive but that person cannot be employed by the company. The literature I've read so far doesn't seem to support this claim. My question is, can the CEO and Chairman be held by two separate people who are both employed (and hold executive positions) with the company?