Corporate Board articles from January 2006

Corporate Board archives from January 2006

Board leadership: structures and roles.
January 1, 2006... Driven by regulatory reforms and new shareholder demands, corporate boards are increasingly moving the role of board leadership outside of the traditional CEO/chairman model. However, giving the hoard its own distinct leadership has brought a...

Effective board governance.
January 1, 2006... Corporate compliance requirements, mandates and guidelines have become the panacea for regulators and rule makers seeking to reform corporate America--adding compliance oversight responsibility to the board's heavy job description. How can a...

New rules for audit committees and auditors.
January 1, 2006... Corporate reform laws have radically recast the role of the board's audit committee, particularly in its relationship with the outside auditing, firm. What was once ooze; open, long-term teamwork has now become much more formal, contentious and...

Reducing director liability risks.
January 1, 2006... It seems that each year brings new personal liability challenges for the corporate director. From Sarbanes-Oxley, to precedent-setting court cases, to new get-tough regulatory moves, to novel approaches for shareholder suits, board members...

New issues for board meeting minutes.(evaluation of business records)
January 1, 2006... The old business saying "if you haven't documented it, you haven't done it" has become a powerful rule for today's board of directors. The minutes of board and committee meetings are now closely scrutinized by plaintiff attorneys, regulators...

Internal audit needs to "tip the balance" back from Sarbanes-Oxley compliance.(Audit)
January 1, 2006... Internal audit answered corporate America's call for help like no other business function during the first year of compliance with the Sarbanes-Oxley Act, says a Deloitte & Touche report. If not for the function's involvement in business...

Risks abound for retirement plan fiduciaries.(Pensions & Benefits)
January 1, 2006... The people who oversee retirement plans--known as fiduciaries--face a growing array of risks relating to governance structure, investment oversight, and operational compliance, according to a study by Mercer Human Resource Consulting. Based on...

The Business Roundtable issues updated "best practices" in corporate governance.(Shareholders & Investors)(Panel Discussion)
January 1, 2006... Business Roundtable has updated its Principles of Corporate Governance, outlining core guidelines to help American public companies meet their corporate governance responsibilities more effectively. Major changes reflected in the updated...

Ten years ago in The Corporate Board.(Retrospectives)
January 1, 2006... Only in acting on what is best for true corporate health will the board completely fulfill its fiduciary responsibilities. There is one critical question every board member should ask himself or herself: "Can I stand before a bankruptcy judge,...

Five years ago in The Corporate Board.(Retrospectives)
January 1, 2006... Ninety-eight percent of the time the CEO and the lead director will work together extremely closely. But it becomes a sad situation when the CEO's performance is in question. If the process doesn't work, well, there has been a proliferation of...

Books received.(Bibliography)
January 1, 2006... It takes a CEO. By Leo Hindery, Jr. Free Press. $24. Hindery, a noted telecom CEO (YES Network, GlobalCenter, AT&T Broadband), may have the resume of a corporate suit, but writes like a strongly populist liberal on such issues as corporate...

Spoken & written: articles & speeches.
January 1, 2006... Today's typical giant private financial institution--managing both pension plans and mutual funds--faces serious conflicts in its exercise of the rights and responsibilities of ownership. When a proxy proposal is opposed by the management of a...

Aetna Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Aetna Inc. has elected to its board Molly J. Coye, M.D., founder and chief executive officer of the Health Technology Center.

Allied Waste Industries, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Allied Waste Industries, Inc. has elected to its board Joshua J. Harris, chairman and chief executive officer of Apollo Investment Corporation.

Allos Therapeutics, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Allos Therapeutics, Inc. has elected to its board Timothy P. Lynch, former chief financial officer of Tercica, Inc.

American Electric Power Company.(Director's Register: Recent Board Elections)
January 1, 2006... American Electric Power Company, Inc. has elected to its board Linda A. Goodspeed, executive vice president and chief technology officer of Lennox International Inc.

American International Group.(Director's Register: Recent Board Elections)
January 1, 2006... American International Group, Inc. has elected to its board Michael H. Sutton, former chief accountant of the Securities and Exchange Commission.

American Retirement Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... American Retirement Corporation has elected to its board James R. Seward, former president and chief executive officer of SLH Corporation.

Applebee's International, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Applebee's International, Inc. has elected to its board Gina Boswell, senior vice president and chief operating officer for Avon North America.

Carreker Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Carreker Corporation has elected to its board Webb Edwards, president of Wells Fargo Services and executive vice president of Wells Fargo & Company.

Donalson Company Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Donaldson Company, Inc. has elected to its board Michael J. Hoffman, president and chief executive officer of The Toro Company.

Duke Energy Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Duke Energy Corporation has elected to its board William Barnet III, mayor of Spartanburg, South Carolina, and chairman, president and chief executive officer of The Barnet Company, Inc.

Eastman Chemical Company.(Director's Register: Recent Board Elections)
January 1, 2006... Eastman Chemical Company has elected to its board Howard L. Lance, chairman, president and chief executive officer of Harris Corporation.

Fannie Mae.(Director's Register: Recent Board Elections)
January 1, 2006... Fannie Mae has elected to its board Bridget Macaskill, former chairman and chief executive officer of the OppenheimerFunds, Inc.

Freddie Mac.(Director's Register: Recent Board Elections)
January 1, 2006... Freddie Mac has elected to its board Jeffrey M. Peek, chairman and chief executive officer of CIT Group Inc.

Goodrich Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Goodrich Corporation has elected to its board John P. Jumper, retired Chief of Staff of the U.S. Air Force.

H.J. Heinz Company.(Director's Register: Recent Board Elections)
January 1, 2006... H. J. Heinz Company has elected to its board John G. Drosdick, chairman, president and chief executive officer of Sunoco, Inc., and Dennis H. Reilley, chairman, president and chief executive officer of Praxair, Inc.

HNI Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... HNI Corporation has elected to its board James R. Jenkins, senior vice president and general counsel of Deere & Company.

Jones Apparel Group, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Jones Apparel Group, Inc. has elected to its board Allen Questrom, former chairman and chief executive officer of J. C. Penney Company, Inc.

Lennar Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Lennar Corporation has elected to its board Jeffrey Sonnenfeld, founder and president of The Chief Executive Leadership Institute of Yale University.

Lucent Technologies Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Lucent Technologies Inc. has elected to its board Linnet F. Deily, former deputy U.S. Trade Representative.

MasTec, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... MasTec, Inc. has elected to its board Ernst N. Csiszar, president and chief executive officer of the Property Casualty Insurers Association of America.

Mylan Laboratories Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Mylan Laboratories Inc. has elected to its board Neil Dimick, former executive vice president and chief financial officer of AmerisourceBergen Corporation.

NN, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... NN, Inc. has elected to its board Richard G. Fanelli, former president and chief executive officer of Enthone-OMI Inc.

Oracle Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Oracle Corporation has elected to its board Naomi O. Seligman, senior partner at Ostriker yon Simson Inc.

PG&E Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... PG&E Corporation has elected to its board Maryellen C. Herringer, attorney-at-law and director on numerous boards.

Phelps Dodge Corporation.(Director's Register: Recent Board Elections)
January 1, 2006... Phelps Dodge Corporation has elected to its board Charles C. Krulak, retired Commandant in the U.S. Marine Corps.

Sierra Pacific Resources.(Director's Register: Recent Board Elections)
January 1, 2006... Sierra Pacific Resources has elected to its board Donald D. Snyder, former president and board member of Boyd Gaming Corporation.

SureWest Communications.(Director's Register: Recent Board Elections)
January 1, 2006... SureWest Communications has elected to its board Robert D. Kittredge, former managing partner of PricewaterhouseCoopers.

United Stationers Inc.(Director's Register: Recent Board Elections)
January 1, 2006... United Stationers Inc. has elected to its board Charles K. Crovitz, former executive vice president and chief supply chain officer of Gap Inc.

Vita Food Products, Inc.(Director's Register: Recent Board Elections)
January 1, 2006... Vita Food Products, Inc. has elected to its board Scott W. Levitt, former managing director of BDO Seidman, LLP, and Glenn S. Morris, former chairman and chief executive officer of American Holdings, Inc.

Williams.(Director's Register: Recent Board Elections)
January 1, 2006... Williams has elected to its board William R. Granberry, partner in Compass Operating L L C.

Frederick Lipman: how are audit committees coping?(Conversations)(Interview)
January 1, 2006... Perhaps no area of corporate governance has seen more radical change than the audit committee. Yet, aside from a plethora of tough new regulations and some cautious guidance from outside audit firms, the committee has largely been left to find...