Citigroup Taps John Dugan to Succeed O'Neil as Chairman

The video discusses the separation of CEO and chair roles, highlighting its popularity in UK banks compared to US banks. City is one of the few US banks with this structure, which they find beneficial. The video also explores the impact of regulatory experience on board dynamics, with insights from governance expert Nell Minow. Finally, it covers City's financial goals, including returning $60 billion to shareholders, and the challenges of navigating regulatory environments.

What role does Mike Corbat play in the context of City’s governance structure?

What challenges does the board face in ensuring management meets financial targets?