Corporate Board articles from March 2004

Corporate Board archives from March 2004

TIAA-CREF on corporate governance.(Teachers Insurance and Annuity Association College Retirement Equities Fund)
March 1, 2004... TIAA-CREF, with over $300 billion in assets under management, is not only America's largest retirement system for educators, but one of our most powerful voices on corporate governance issues. In line with its increasing activism on governance...

Director compensation trends.
March 1, 2004... The roles and duties faced by the corporate board have increased sharply over the past few years, and this turmoil is changing how we pay directors as well. Board members are now earning more for doing more, but the tools and methods for...

A fresh look at CEO severance benefits.
March 1, 2004... CEO pay packages have been controversial for some time, but the latest source of investor outrage is the "golden farewell" severance bundle some CEOs receive as a parting gift. What are the new rules for negotiating your CEO's severance plan?...

The road to stronger corporate governance.
March 1, 2004... The past two years have seen such a tidal wave of legal, regulatory and attitude change in corporate governance that it can be difficult to keep up. What key changes should your board be making in how it operates, its membership, and its...

The rising power of shareholders.
March 1, 2004... The true power of shareholders to influence corporate decisions has been a "sleeping giant" for so many years that we assumed it would never stir. Yet according to a recent survey of institutional and individual investors, shareholders have...

Shareholder scrutiny will be the biggest executive pay concern in 2004.(Compensation & Recruitment)
March 1, 2004... A poll of 172 leading executive pay and benefits consultants reveals that 73 percent said that the biggest challenge for executive compensation in 2004 will be "structuring plans to meet increased shareholder scrutiny." In addition, 73 percent...

More executives would say no to a CEO slot today.(Compensation & Recruitment)
March 1, 2004... Burson-Marsteller's new CEO reputation study found that large numbers of CEOs and top executives have soured on the chief executive position. According to the study, a hefty 73 percent of CEOs have entertained the thought of quitting. This is a...

Corporations are overhauling board and director pay.(Compensation & Recruitment)
March 1, 2004... Spurred by investor outcry and more stringent stock exchange listing rules, companies made dramatic increases in board independence levels in 2003, finds the latest edition of IRRC's annual Board Practices/Board Pay study. At the same time,...

Corporate risk-management concerns are growing.(Strategy & Finance)
March 1, 2004... CEOs worldwide are increasingly confident about their companies' growth potential, but fearful of the barriers to the risk-taking needed to reach their goals, according to Pricewaterhouse-Coopers' seventh annual Global CEO Survey. More...

Five years ago in the Corporate Board.(Retrospectives)
March 1, 2004... Director evaluation is not needed to identify board members who are not diligent or are purposefully disruptive. Removing such a director simply requires willingness by either the chairman or a director to take a leadership role in ascertaining...

Ten years ago in the Corporate Board.(Retrospectives)
March 1, 2004... Executive overcompensation is a serious problem that weakens the corporation and undermines public confidence in the management of our largest institutions. It is primarily the result of ineffective monitoring and bargaining on the part of...

Books received.
March 1, 2004... Corporate Governance. By Robert A.G. Monks and Nell Minow. Black well. $64.95. A second edition of the 1995 classic on governance. More of the case histories could have been updated, but this new edition is a must for any governance library,...

Articles & speeches.(Spoken & Written)
March 1, 2004... To a large degree, jumbo-sized acquisitions are simply a response to the pressure CEOs feel to deliver above-average growth in revenue and earnings--a pressure that is more easily relieved via deal-making than through the arduous task of...

Adobe Systems Incorporated.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Adobe Systems Incorporated has elected to its board Mike Cannon, president and chief executive officer of Solectron Corporation.

Apple Computer, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Apple Computer, Inc. has elected to its board James A. Lawrence, executive vice president and chief financial officer of General Mills. Inc.

Avaya Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Avaya Inc. has elected to its board Richard Wallman, senior vice president and chief financial officer of Honeywell International Inc.

CellStar Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... CellStar Corporation has elected to its board John T. Kamm, president of Asia Pacific Resources, Inc. and chairman of Market Access Ltd.

ChoicePoint Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... ChoicePoint Inc. has elected to its board John B. McCoy, former chairman and chief executive officer of Bank One Corporation.

Coca-Cola Enterprises Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Coca-Cola Enterprises Inc. has elected to its board Calvin Darden, senior vice president of U.S, operations at United Parcel Service, Inc.

ConAgra Foods, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... ConAgra Foods, Inc. has elected to its board Steven F. Goldstone, manager of Silver Spring Group and former chairman and chief executive officer of R JR Nabisco, Inc.

Crown Holdings, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Crown Holdings, Inc. has elected to its board William G. Little, former chairman and chief executive officer of West Pharmaceutical Services, Inc.

Dollar Tree Stores, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Dollar Tree Stores, Inc. has elected to its board Thomas E. Whiddon, executive vice president of logistics and technology for Lowe's Companies, Inc.

Ford Motor Company.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Ford Motor Company has elected to its board Kimberly Casiano, president and chief operating officer of Casiano Communications Inc.

IKON Office Solution, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... IKON Office Solutions, Inc. has elected to its board William L. Med-daugh, former president and chief exec-utive officer of General Electric Supply Co.

KeyCorp.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... KeyCorp has elected to its board Lauralee E. Martin, executive vice president and chief financial officer of Jones Lang LaSalle Incorporated.

Mattel, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Mattel, Inc. has elected to its board Michael J. Dolan, former chairman and chief executive officer of Young & Rubicam Inc.

Mellon Financial Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Mellon Financial Corporation has elected to its board John P. Surma, Jr., president and chief operating officer of United States Steel Corporation.

O'Reilly Automotive, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... O'Reilly Automotive, Inc. has elected to its board John Murphy, executive vice president and chief financial officer of Accuride Corp., and Ronald Rashkow, lead director of Factory 2-U Stores Inc.

Raytheon Company.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Raytheon Company has elected to its board Linda G. Stuntz, former deputy secretary of the U.S. Department of Energy.

The Scotts Company.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... The Scotts Company has elected to its board Mark R. Baker, president and chief executive officer of Gander Mountain Company.

Storage Technology Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Storage Technology Corporation has elected to its board Judy C. Odom, former chairman and chief executive officer of Software Spectrum, Inc., and Mercedes Johnson, chief financial officer of Lain Research Corporation.

Tasty Baking Company.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Tasty Baking Company has elected to its board David J. West, senior vice president of sales at Hershey Foods Corporation.

Technitrol, Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Technitrol, Inc. has elected to its board Dr. Alan E. Barton, vice president of Rohm and Haas Company.

Texas Instruments Incorporated.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Texas Instruments Incorporated has elected to its board Christine Todd Whitman, former administrator of the Environmental Protection Agency in the cabinet of President Bush and former governor of New Jersey.

3COM Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... 3COM Corporation has elected to its board David Wajsgras, senior vice president and chief financial officer of Lear Corporation.

Trans World Entertainment Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Trans World Entertainment Corporation has elected to its board Edmond Thomas, managing partner of The Evans Thomas Co. LLC and Axis Capital Fund I LP.

Verizon Communications Inc.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Verizon Communications Inc. has elected to its board Robert W. Lane, chairman and chief executive officer of Deere & Company.

VF Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... VF Corporation has elected to its board Clarence Otis, Jr., executive vice president of Darden Restaurants, Inc.

Wyeth.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Wyeth has elected to its board Robert S. Langer, professor at Massachusetts Institute of Technology and former member of the Food and Drug Administration's Science Board.

Xerox Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Xerox Corporation has elected to its board Richard J. Harrington, president and chief executive officer of The Thomson Corporation, and William Curt Hunter, dean of the University of Connecticut School of Business and former senior vice...

Zale Corporation.(Directors' register: recent board elections)(Brief Article)
March 1, 2004... Zale Corporation has elected to its board Dr. Davaid Szymanski, director of the Center for Retailing Studies at Texas A&M University.

Donald Johnston: the OECD rethinks governance.(Conversations)(Interview)
March 1, 2004... Despite a proliferation of national corporate governance codes over the past decade, one set of principles has gained international respect as a potential global governance framework--The Corporate Governance Principles of the Organisation for...