Corporate Board articles from May 2001

Corporate Board archives from May 2001

Future Corporate Boards 2010-2020.
May 1, 2001... While the world's corporate boards have seen great change over the past decade, this is only the beginning of a transformation in how boards view both their duties and themselves. Professor Robert Neuschel, one of America's most respected...

Compensating A New CEO.(attracting and retaining chief executive officers)
May 1, 2001... High CEO turnover has made setting a sound executive pay package crucial both for attracting and retaining a leader. However, rules are changing for the compensation paid to new CEOs. The gap between pay packages for internal and external CEO...

Emotional Intelligence And CEO Succession.
May 1, 2001... Emotional drivers and responses are the underpinning of even our most logical actions. However, the corporate boardroom is a place almost designed to drive emotional aware ness underground. Byron Stock urges us to accept and build our personal...

"Full Disclosure" For Board Pay.(proxy season requires disclosure of executive pay)
May 1, 2001... Proxy season increasingly means disclosure season for the board of directors. Boards must report on more and more areas of executive pay in annual reports, and the guide lines for these disclosures are growing stiffer. Here is a review of the...

A Global "License To Operate"?(corporate citizenship)
May 1, 2001... Your board may soon find that solid corporate citizenship reporting will be required as a "License to Operate" to grow the bottom line. It is what many investors, business people, community groups and government agencies around the world are...

Major accounting firms launch effort to create a global quality standard for auditing.(International Federation of Accountants. Forum of Firms)(Brief Article)
May 1, 2001... Twenty-three international accountancy firms in January agreed to develop a Global Quality Standard for firms con ducting transnational audits. The intention is to ensure consistent, high-quality auditing practices worldwide as a means of...

FASB plans to eliminate pooling-of interests method of accounting.(Financial Accounting Standards Board opts for 'purchase method')(Brief Article)
May 1, 2001... The Financial Accounting Standards Board (FASB) in January tentatively decided to eliminate the pooling-of-interests (pooling) method of accounting for business combinations. All business combinations would be accounted for under a single...

Director pay at top companies now exceeds $100,000.(Brief Article)(Statistical Data Included)
May 1, 2001... A Towers Perrin study shows that the median total annual compensation for outside board members of S&P 500 companies has topped $100,000 for the first time, rising to $100,807 in the year 2000. According to proxy analyses, the upward trend was...

The debut of the eight-figure executive.(compensation for chief executive officers rises)(Brief Article)(Statistical Data Included)
May 1, 2001... CEO compensation vaulted into the eight-digit realm in 2000, as average total pay for leaders of the top U.S. companies exceeded $10 million for the first time. The record $10.89 million represents a 16 percent increase over 1999, with fully 60...

Global survey of corporate governance practices finds convergence on principles, not practices.(board practices)(Brief Article)
May 1, 2001... A survey of the board practices of corporations on five continents suggests that a common recognition of the boards' role in corporate governance is emerging, but that wide variety in board practices continues. According to the study...

The CEO is increasingly responsible for corporate reputation.(results of third annual Corporate Reputation Watch Survey)(Brief Article)(Statistical Data Included)
May 1, 2001... In a survey of more than 600 chief executives and other top-tier managers, 54 percent believed that at least half of a company's corporate reputation could be attributed to the public image of its CEO. Further, 64 percent (versus only 43...

Global coordination of retirement plans adds efficiency.(survey)(Brief Article)
May 1, 2001... The globalization of business, with its increased competition, is placing greater demands on companies to achieve quality improvement, rapid innovation, and effective cost management. One area for meeting these goals is in the coordination of...

U.S. employees rank health benefits higher than pay raises.(Brief Article)
May 1, 2001... A survey by Consortium Health Plans found that health benefits play an increasingly important role for Americans in terms of both their employment choices and job retention. Furthermore, for the first time, almost two thirds of employees...

Ten years ago.(Stanley D. Halper quote)(Brief Article)
May 1, 2001... An audit committee whose activities are limited, or which does not receive information or support needed to properly perform their mission, offers false comfort to shareholders and others. They expose themselves, and other board members, to...

Five years ago.(quote by Tom Peters)(Brief Article)
May 1, 2001... Mindlessly following a focus group's suggestions is increasingly a mistake. And I think the same thing is true in the boardroom with the internally focused company that is just doing whatever the hell it wants to do. The products and services...

Spoken & Written.(quotes)(Brief Article)
May 1, 2001... Articles & Speeches The CEO's primary job is to cultivate a corporate culture that benefits all employees and customers. I want to be absolutely certain that our values drive our behavior and not vice versa. It's unfortunate that CEOs are...