Corporate Board articles from July 2008

Corporate Board archives from July 2008

"Best practice" boards and CEOs.
July 1, 2008... What are the qualities of a superlative corporate board member? John Pepper, with decades of experience leading some of America's foremost corporations and nonprofits, offers his insight. "Best practice" board members stick to their values,...

Shaping the nominating/ governance committee.
July 1, 2008... The nominating committee of most boards was a sleepy place that met once a year to do very little. Today it is being transformed into a new nominating and governance committee. With a portfolio that can include evaluation, new governance rules,...

Activists in the boardroom.
July 1, 2008... Shareholders are knocking on the boardroom door as never before, and increasingly demand attention. Activists expect to communicate with boards today on issues ranging from strategy:, to results, to mergers and acquisitions to company...

The new world of leveraged buyout "deal protection".
July 1, 2008... Within a year, the market for leveraged buyout deals, especially those with private equity, has gone from a flood to a drought. This has left some boards wrestling with what had seemed sure deals that now are drifting away, or even falling...

Managing an internal investigation.
July 1, 2008... When the board faces allegations of serious internal wrongdoing, it must take on a role it was never designed for--investigator. By wisely delegating the task to a board committee, outside counsel, and skilled consulting talent, the board can...

CEO pay increases are slowing.(Compensation & Recruitment)
July 1, 2008... In the face of a slowing U.S. economy and weakening corporate performance, CEO total direct compensation among many large companies is declining, as boards have heard the message that pay has to be linked to performance. That is the conclusion...

Executive stock option and performance awards shrunk last year.(Compensation & Recruitment)
July 1, 2008... Executive compensation benchmarking firm Equilar has published an analysis of S&P 500 compensation trends. The study, covering 233 S&P 500 chief executive officers in place for at least two years, finds that median CEO pay increased by 1.3...

How independent is a compensation advisor?(Compensation & Recruitment)
July 1, 2008... The article How Independent Is Your Compensation Advisor, by James Reda, appeared in the March/April issue of The Corporate Board. Reda's comments on compensation advisory issues prompted the following response by Ira Kay and Steven Seelig, of...

Current decline in the M&A market may actually drive better deals.(Mergers & Acquisitions )
July 1, 2008... Results from Towers Perrin/Cass Business School research on value created in the last three global M&A cycles reveals that, contrary to conventional wisdom, 2008 may be the best time to do a deal. The research shows that, on average, over...

"Say on pay" proposals show strong support this proxy season.(Shareholder Relations)
July 1, 2008... A review of early 2008 voting results demonstrates continued strong support for instituting a governance reform that provides shareholders with an advisory vote on executive compensation. This year, a diverse network of more than 75...

Shareholder votes show response to the credit crisis.(Shareholders & Investors)
July 1, 2008... RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community, has published two separate studies examining shareholder responses to the subprime credit crisis. The first report...

Too many firms still mismanage electronic information.(Strategy & Finance)(Brief article)
July 1, 2008... Thru, a messaging solutions provider, has announced the findings of its Annual Information Management and Intellectual Property Benchmark Study. The survey polled 55 corporate professionals to gauge how organizations share sensitive information...

Five years ago in The Corporate Board.(Retrospectives)(Quotation)
July 1, 2008... The keys to creating wealth and maintaining a free society lie primarily in the same direction. Both require that broad-based systems of accountability be built into the governance structures of corporations themselves. By accepting the...

Ten years ago in The Corporate Board.(Retrospectives)(Quotation)
July 1, 2008... I see effective boards choosing fewer agenda items, but concentrating more on items of substance. They're setting more consensual agendas. Number two, the chairman of the group has to have a skill for keeping dialogue on track. The board...

Books Received.(Bibliography)
July 1, 2008... The Board Book. By Willam G. Bowen. Norton. $26.95. William Bowen, consultant, author and president emeritus of the Mellon Foundation, wrote the original version of this governance gem in 1994. The new, updated edition incorporates both the...

Articles & speeches.(Spoken & Written)
July 1, 2008... Today the entire banking system is dominated by a few monster banks, and almost all have the same exposures. So the system became less and less volatile while becoming riskier and riskier. So we moved from the more resilient ecology to a more...

Applied Materials, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Applied Materials, Inc. has elected to its board James E. Rogers, chairman, president and chief executive officer of Duke Energy Corporation.

BancorpSouth, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... BancorpSouth, Inc. has elected to its board James E. Campbell III, president and chief operating officer of H&M Company, Inc.

Capital One Financial Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Capital One Financial Corporation has elected to its board Bradford H. Warner, former president of premier and small business banking at Bank of America Corporation.

Champion Enterprises, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Champion Enterprises, Inc. has elected to its board Michael A. Volkema, chairman of Herman Miller, Inc.

Christopher & Banks Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Christopher & Banks Corporation has elected to its board Martin Bassett, president and chief executive officer of The Walman Optical Company.

Citizens First Bancorp, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Citizens First Bancorp, Inc. has elected to its board Dan L. DeGrow, superintendent of St. Clair County Regional Educational Service Agency.

Corinthian Colleges, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Corinthian Colleges, Inc. has elected to its board John M. Dionisio, president and chief executive officer of AECOM Technology Corporation.

Denny's Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Denny's Corporation has elected to its board Louis P. Neeb, chairman of Mexican Restaurants, Inc., and Donald C. Robinson, president of Baha Mar Resorts, Ltd.

Dycom Industries, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Dycom Industries, Inc. has elected to its board Patricia Higgins, former president and chief executive officer of Switch & Data Facilities Company, Inc.

EarthLink, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... EarthLink, Inc. has elected to its board Susan D. Bowick, former executive vice president of Hewlett-Packard Company, and David Koretz, president and chief executive officer of BlueTie, Inc.

Emerson Electric Co.(Directors' Register: Recent Board Elections)
July 1, 2008... Emerson Electric Co. has elected to its board William R. Johnson, chairman, president and chief executive officer of H. J. Heinz Company.

GenCorp Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... GenCorp Inc. has elected to its board James H. Perry, former vice president and chief financial officer of United Industrial Corporation.

McKesson Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... McKesson Corporation has elected to its board Edward A. Mueller, chairman and chief executive officer of Qwest Communications International Inc.

Merix Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Merix Corporation has elected to its board Francis Yuen, president and business leader of Trane Commercial Systems, Asia.

Navistar International Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Navistar International Corporation has elected to its board Steven J. Klinger, president and chief operating officer of Smurfit-Stone Container Corporation.

Northrop Grumman Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Northrop Grumman Corporation has elected to its board Admiral Thomas B. Fargo, USN (ret.), president and chief executive officer of Hawaii Superferry and managing director of J.F. Lehman & Company.

The Pepsi Bottling Group, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... The Pepsi Bottling Group, Inc. has elected to its board Cynthia M. Trudell, senior vice president of human resources for PepsiCo, Inc.

Rewards Network Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Rewards Network Inc. has elected to its board Marc Particelli, chairman of CoActive Marketing Group, Inc., and Michael Soenen, chairman, president and chief executive officer of FTD Group, Inc.

Rite Aid Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Rite Aid Corporation has elected to its board James L. Donald, former president and chief executive officer of Starbucks Corporation.

Sierra Pacific Resources.(Directors' Register: Recent Board Elections)
July 1, 2008... Sierra Pacific Resources has elected to its board Maureen T. Mullarkey, former executive vice president and chief financial officer of International Game Technology.

Spectra Energy Corp.(Directors' Register: Recent Board Elections)
July 1, 2008... Spectra Energy Corp has elected to its board Michael McShane, former chairman, president and chief executive officer of Grant Prideco, Inc.

Tech Data Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Tech Data Corporation has elected to its board Harry J. Harczak, Jr., former executive vice president of CDW Corporation.

Teleflex Incorporated.(Directors' Register: Recent Board Elections)
July 1, 2008... Teleflex Incorporated has elected to its board Dr. Stephen K. Klasko, Dean of the College of Medicine at the University of South Florida, and chief executive officer of the University of South Florida Physicians Group.

TIB Financial Corp.(Directors' Register: Recent Board Elections)
July 1, 2008... TIB Financial Corp. has elected to its board Howard B. Gutman, president of The Lutgert Companies.

Triple-S Management Corporation.(Directors' Register: Recent Board Elections)
July 1, 2008... Triple-S Management Corporation has elected to its board Luis Clavell-Rodriguez, MD, medical director at the San Jorge Children's Hospital.

Varian Semiconductor Equipment Associates, Inc.(Directors' Register: Recent Board Elections)
July 1, 2008... Varian Semiconductor Equipment Associates, Inc. has elected to its board Dr. Ben Tsai, executive vice president and chief technology officer of KLAT-encor Corporation.

Weyerhaeuser Company.(Directors' Register: Recent Board Elections)
July 1, 2008... Weyerhaeuser Company has elected to its board Mark A. Emmert, president of the University of Washington.

Woodward Governor Company.(Directors' Register: Recent Board Elections)
July 1, 2008... Woodward Governor Company has elected to its board Dr. Ronald M. Sega, vice president for energy, environment and applied research with the Colorado State University Research Foundation.

Susan Stautberg: Networking Women Directors.(Conversations)(Interview)
July 1, 2008... According to the advocacy group Catalyst, women held 14.8 percent of all U.S. Fortune 500 board seats in 2007, continuing a long record of modest growth. Various attempts have been made to increase the representation of women on boards. In...