Corporate Board articles from July 2001

Corporate Board archives from July 2001

Leadership "Due Diligence": Managing The Risks.(succession planning for chief executive officers)
July 1, 2001... Chief executive succession planning is a job that incumbent CEOs too often put off and boards too often disregard. Yet increased CEO turnover has made an effective, accountable leadership succession program a key part of the board's job. How...

Clarity In The New SEC Insider Trading Rules.(United States Securities and Exchange Commission)
July 1, 2001... Late last year, the SEC announced several changes that codified aspects of its often dangerously-vague insider trading rules. On the downside, the new rules set a solid, newly expanded definition of insider liability that all directors should...

The Director Recruiting Challenge.
July 1, 2001... The tight market for top boardroom talent is starting to melt a few of the once-iron rules of director recruiting. While current CEOs remain the gold standard, retired executives, global talents, technology leaders, and younger and more diverse...

To Whom Are Boards Accountable?
July 1, 2001... The board's duty to company shareholders is one of the bedrock tenets of American corporate law. However, more voices worldwide are calling for inclusion of a wider group of stakeholders--employees, communities, suppliers. Could this be a wave...

Shareholder Activism: A Reality Check.
July 1, 2001... While shareholder concerns over good corporate governance have grown in the past few years, much remains to be achieved, says Robert Monks, one of the world's most noted 6overnance activists. For starters, our current regulatory system not only...

New guidelines address fraud and the use of derivatives.(Brief Article)
July 1, 2001... In March, The International Federation of Accountants (IFAC) International Auditing Practices Committee (IAPC) approved the release of two new documents: an updated International Standard on Auditing (ISA) on fraud and error and a new...

Share allocations hit an all-time high at major companies.(Brief Article)(Statistical Data Included)
July 1, 2001... America's top 200 corporations have allocated over 15 percent of shares outstanding for management and employee incentives. At the same time, among the Top 100 dot.coms more than one-third of corporate shares have been reserved for stock-based...

CEO pay plans show a shift in priorities.(Brief Article)(Statistical Data Included)
July 1, 2001... While CEO compensation continued to climb in 2000, the increases were tempered by significant changes in the markets and the overall economy. Median CEO salary climbed 5.3 percent to $870,000 in 2000 and median total annual pay (salary and...

Companies "take on board" the triple bottom line.(Brief Article)
July 1, 2001... According to a report by the International Business Leaders Forum (IBLF) and SustainAbility Ltd, boards of directors need to play a critical role in shaping their companies' social and environmental performance. The report, "The Power to...

For merger integration, faster is better.(Brief Article)
July 1, 2001... Companies undertaking a merger or acquisition (M&A) must act quickly, ideally within three months, for post-merger acquisition to be a success and for maximum shareholder value to be realized, according to a study by DMR Consulting. The...

How can boards contribute during a downturn?
July 1, 2001... How can corporate boards help management through stormy economic seas? According to PricewaterhouseCoopers LLP consultants Richard M. Steinberg and Catherine Bromilow, boards should first make sure management is controlling the cost...

Ten years ago in The Corporate Board.
July 1, 2001... I know a company that had as few outside directors as the SEC would let it get away with. I asked the CEO "How can you be sure that the board is doing its job when in fact they all report to you and you're tougher than nails?" He replied "My...

Five years ago in The Corporate Board.
July 1, 2001... If personal loyalty to the CEO prevents an inside director from taking appropriate action when necessary, then that insider has failed the board and shareholders. Inside directors have an implied oath of office similar to that of American...

Recent Board Elections.(Brief Article)
July 1, 2001... Alaska Air Group, Inc. has elected to its board Mark R. Hamilton, president of the University of Alaska. Aspect Medical Systems, Inc. has elected to its board Richard J. Meelia, president of Tyco Healthcare. W.R. Berkley Corporation...

Stephen Davis: The Global Governance Wave.(Brief Article)(Interview)
July 1, 2001... It is impossible to discuss corporate governance today without looking at its global influences. National laws, standards and board practices increasingly come under the cosmopolitan sway of investors, regulators and activists who may be...