Breakingviews assistant editors Richard Beales and Jeffrey Goldfarb and Breakingviews columnist Antony Currie wonder why Goldman Sachs is missing the point on its board governance.

“… [T]his was a big gambit to stop a proposal that was going to come to shareholders that was going to separate the chairman and CEO roles which Lloyd Blankfein had both of it at this point,” Goldfarb says.

“And they’ve made that even worse this week by deciding to appoint one of their board members, James Schiro as the Lead Director,” Currie adds.

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