Corporate Board articles from January 2005

Corporate Board archives from January 2005

Bringing quality to board decisions.
January 1, 2005... Corporate boards have been noted for bad decision making of late, but the authors point out that it need not be that way. Their research finds that most boards either make decisions too late (acquiescing to a choice management has already made)...

New liabilities for compensation committees.
January 1, 2005... Board compensation committees have a vast amount of data available for CEO paysetting. Yet how truly useful is it? Does the data tell you if your pay benchmarks are really comparable? Does it honestly weigh your CEO's job compared to similar...

The boardroom role of human resources.
January 1, 2005... The most basic board job description is hiring, firing and paying the chief executive. That task has become much more complex, and the board's need for expertise in serving as the CEO's "boss" has become more acute. However, most corporations...

The evolving definition of "fiduciary duty".
January 1, 2005... While directors have long faced personal liability for ignoring their fiduciary "duty of loyalty," they could be fairly sure that any "duty of care" oversights would not bring personal responsibility. Now, some Delaware court decisions send an...

The move towards competency-based boards.
January 1, 2005... Three years ago, huge corporate scandals triggered massive North American boardroom reforms. Now, though, Hollinger International in Canada and its chairman, Conrad Black, are accused of the same failings of governance and oversight that we...

Boards are dissatisfied with corporate monitoring of non-financials.(Boardroom Practice)
January 1, 2005... According to a survey conducted on behalf of Deloitte Touche Tohmatsu by the Economist Intelligence Unit (EIU), only about one third (34 percent) of board members and top executives polled say their companies are proficient at monitoring...

New law is a "sea change" in deferred compensation.(Compensation & Recruitment)
January 1, 2005... According to an "Update" bulletin from the law firm Gibson Dunn, the federal American Jobs Creation Act of 2004 was passed late in 2004, and includes provisions on deferred compensation described as a "sea change" by senior government...

New federal sentencing rules put boards in the spotlight.(Liability & Litigation)
January 1, 2005... With new federal sentencing guidelines effective on November 1, 2004, boards of directors should undertake a searching review of their companies' compliance and ethics programs to help ensure that they meet the more exacting standards...

Compliance costs are minor compared to losses from poor strategy and operations.(Strategy & Finance)
January 1, 2005... A report from management consulting firm Booz Allen Hamilton found that more shareholder value has been destroyed in the past five years as a result of strategic mismanagement and poor execution than was lost in all of the recent compliance...

Spoken & written: articles & speeches.(Adam Hanft)(Richard Branson)(J. Brian Ferguson)
January 1, 2005... The real problems that land on a CEO's desk are usually the result of managers paying too little attention, not too much. In most cases, issues like cost overruns and sudden appearance of bad news could have been caught earlier if bosses were...

Advance Auto Parts, Inc.(Director's register: recent board elections)(Brief Article)
January 1, 2005... Advance Auto Parts, Inc. has elected to its board William S. Oglesby, senior managing director for The Blackstone Group L.P.

Alaska Air Group, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Alaska Air Group, Inc. has elected to its board Patricia M. Bedient, vice president of strategic planning for Weyerhaeuser Company.

American Axle & Manufacturing Holdings, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... American Axle & Manufacturing Holdings, Inc. has elected to its board Elizabeth Chappell, president and chief executive officer of Detroit Economic Club.

The Black & Decker Corporation.(Director's register: recent board elections)(Brief Article)
January 1, 2005... The Black & Decker Corporation has elected to its board Mark H. Willes, former chairman, president and chief executive officer of The Times Mirror Company.

Boeing Company.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... The Boeing Company has elected to its board Mike S. Zafirovski, president and chief operating officer of Motorola, Inc.

Brinker International, Inc.(Director's register: recent board elections)(Brief Article)
January 1, 2005... Brinker International, Inc. has elected to its board Rosendo G. Parra, senior vice president, Americas, for Dell Inc.

Coca-Cola Enterprises Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Coca-Cola Enterprises Inc. has elected to its board Irial Finan, executive vice president of The Coca-Cola Company, and J. Alexander M. Douglas, senior vice president and chief customer officer of The Coca-Cola Company.

Comcast Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Comcast Corporation has elected to its board Joseph J. Collins, chairman of Aegis, LLC.

Dover Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Dover Corporation has elected to its board Robert W. Cremin, chairman, president and chief executive officer of Esterline Technologies Corporation, and Mary A. Winston, executive vice president and chief financial officer of Scholastic...

Hercules Incorporated.(Director's register: recent board elections)(Brief Article)
January 1, 2005... Fannie Mae has elected to its board John K. Wulff, non-executive chairman of Hercules Incorporated.

Foot Locker, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Foot Locker, Inc. has elected to its board Alan D. Feldman, president and chief executive officer of Midas, Inc.

General Motors Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... General Motors Corporation has elected to its board Ellen J. Kullman, group vice president safety and protection of DuPont Co.

The Goodyear Tire & Rubber Company.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... The Goodyear Tire & Rubber Company has elected to its board Thomas H. Weidemeyer, former senior vice president and chief operating officer of United Parcel Service, Inc.

Kennametal Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Kennametal Inc. has elected to its board Timothy R. McLevish, senior vice president and chief financial officer of Ingersoll-Rand Company Limited.

Masco Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Masco Corporation has elected to its board Dennis W. Archer, chairman of Dickinson Wright PLLC.

MasTec, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... MasTec, Inc. has elected to its board Robert J. Dwyer, advisory director for Morgan Stanley & Co. Incorporated.

MBNA Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... MBNA Corporation has elected to its board Thomas G. Murdough, Jr., chairman and chief executive officer of The Step2 Company.

The Nautilus Group, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... The Nautilus Group, Inc. has elected to its board Diane L Neal, senior vice president of merchandising for The Gap Outlet.

Parker Hannifin Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Parker Hannifin Corporation has elected to its board Joseph M. Scaminace, president and chief operating officer of The Sherwin-Williams Company.

Premcor Inc. Premcor Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Premcor Inc. has elected to its board Edward F. Kosnik, former president and chief executive officer of Berwind Group, and Eija Malmivirta, former chairman and principal owner of Merei Energy Oy Ltd.

Safeway Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Safeway Inc. has elected to its board Raymond G. Viault, former vice chairman of General Mills, Inc., Janet Grove, chairman and chief executive officer of Federated Merchandising Group and corporate vice chairman of Federated Department stores,...

SunTrust Banks, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... SunTrust Banks, Inc. has elected to its board E. Neville Isdell, chairman and chief executive officer of The Coca-Cola Company.

United Stationers Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... United Stationers Inc. has elected to its board John J. Zillmer, former executive vice president of ARAMARK Corporation.

Viacom Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Viacom Inc. has elected to its board Charles E. Phillips, Jr., president of Oracle Corporation.

Visteon Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Visteon Corporation has elected to its board Kenneth B. Woodrow, former vice chairman of Target Corporation.

W.W. Grainger, Inc.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... W. W. Grainger, Inc. has elected to its board Gary L Rogers, former vice chairman of General Electric Company.

Wachovia Corporation.(Director's register: recent board elections)(Appointment)(Brief Article)
January 1, 2005... Wachovia Corporation has elected to its board Wallace D. Malone, Jr., chairman and chief executive officer of SouthTrust Corporation, Donald M. James, chief executive officer of Vulcan Materials Company, and Van L. Richey, president and chief...

Winn-Dixie Stores, Inc.(Director's register: recent board elections)(Brief Article)
January 1, 2005... Winn-Dixie Stores, Inc. has elected to its board H. Jay Skelton, president and chief executive officer of DDI Inc.

Ram Charan: CEOs, leadership and the new board.(Conversations)(Interview)
January 1, 2005... Business advisor, speaker, author--and confidante of many of America's most noted CEOs--Ram Charan, a former faculty member at Harvard Business School, has shaped a career advising top corporations such as GE, DuPont and Bank of America on...