Corporate governance

Richard Lashley at PL Capital is taking over a board seat previously held by former CEO Steven Sugarman.

For certain banks, it might make sense to require the chairman of the board to be an outside board member. But that’s a decision best left up to the board and management.

Legion Partners said it has “serious concerns” about the company’s disclosure of inaccurate information.

The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the business challenges that lie ahead.