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This article discusses the relationship between the CEO and board chair in organizations, particularly in the context of separating the roles. While separating the roles can increase board independence, it also introduces new dynamics that can impact the performance of the board and the organization. The article emphasizes the importance of trust in the CEO-board chair relationship and identifies five critical moments that can either build or destroy trust. These moments include CEO compensation negotiations, annual CEO evaluations, executive sessions of the board, board composition, and moments of adversity. Building a transparent and trust-based relationship between the CEO and board chair is crucial for the success of the organization. [Extracted from the article]