P&G is returning to a familiar governance model: one person serving as both Chairman and CEO, supported by a Lead Independent Director and a board rich in CEO and CFO experience. The real question is whether Joseph Jimenez and the independent directors can do more than oversee Shailesh Jejurikar. They must also add value.

The next CEO of JPMorgan isn’t being chosen in a boardroom—it’s being tested in real time. The firm’s co‑president structure reveals how one of Wall Street’s most powerful institutions is managing succession, competition, and control at the highest level.