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Nvidia resignation: Nvidia resignation shows the risks when company leadership is built around one person

Linda Ford CGIUKI

Jensen Huang resigned as CEO of Nvidia on Thursday 12 November. On the same day, Nvidia appointed Harvey C. Jones as its first-ever chair of the board. Linda Ford, Chief Executive of The Chartered Governance Institute UKI, responded:

"Jensen Huang’s departure from Nvidia demonstrates what can happen when a company’s leadership is built around one person. Nvidia went more than three decades without a board chair, only appointing one on the day of the CEO’s resignation. A high-profile leader can be an asset, but the board needs to work hard to protect its independence and provide the scrutiny shareholders are entitled to expect. Company secretaries and governance professionals play a central part in that, making sure difficult questions are asked before a crisis unfolds."