Corporate Board articles from May 2005

Corporate Board archives from May 2005

How to successfully manage CEO succession.(chief executive officer )
May 1, 2005... The board's role in CEO succession planning has become more important, but the outgoing CEO is still the person with best knowledge of where the company is headed, and what talents are needed to lead. Smart CEOs work to craft a succession plan...

Reflections of a non-executive chair.(management, powers and duties)
May 1, 2005... To strengthen corporate boards in their dealings with management, current wisdom is to name either a non-executive, separate board chairman, or a lead director. We tend to view these two titles as interchangeable--but are they? Dr. Grace,...

Is boardroom blogging for you?(managing communications between board and investors through weblogs)
May 1, 2005... A "web log" or "blog" is far more than just an ongoing, personal internet rant. Blogs are a powerful, inexpensive communication tool that taps the internet for a democratic, two-way interchange. Though blogging is a new phenomenon, its openness...

D&O liability insurance trends 2005.
May 1, 2005... The year 2004 was a troubling one from a class action liability perspective, with record shattering lawsuits and settlements. This year started on an even more ominous note, with settlements against former directors of WorldCom and Enron that...

Audit committee best practices.
May 1, 2005... Board audit committees are at the center of making corporate governance reform work, but there has been too little quantitative research on how committees can be most effective. The following survey, prepared by J.D. Power and Associates, is...

CEOs face tough choices in deciding when to step down.(Boardroom Composition)(chief executive officers)
May 1, 2005... The toughest task for many CEOs is not running their companies but determining when it is time to step down, according to a report by James Krohe, Jr. in Across the Board, The Conference Board's magazine. A consensus among former CEOs suggests...

Boards show steady increases in independence and governance best practice.(Boardroom Practice)
May 1, 2005... Business Roundtable, an association of CEOs of 160 leading U.S. companies, released its third annual survey of corporate governance practices among its members. The results reveal that companies have made progress in implementing corporate...

Deloitte and University of Michigan team up for director training.(Boardroom Practice)(Brief Article)
May 1, 2005... Responding to the increasing demands, responsibilities, and heightened scrutiny of corporate board members, Deloitte & Touche LLP has formed a unique alliance with the University of Michigan Ross School of Business and The Directors' Network...

ISS will support board majority vote proposals.(Institutional Shareholder Services)(Brief Article)
May 1, 2005... Institutional Shareholder Services (ISS), the world's leading provider of proxy voting and corporate governance solutions, has announced its general support of non-binding proposals seeking majority vote requirements in boardroom elections. ...

U.K., U.S., Canada and Australia lead in new global governance rating.(shareholder relations)
May 1, 2005... GovernanceMetrics International (GMI), the corporate governance research and ratings agency, announced ratings on 3,220 global companies. Thirty-four companies--twenty-seven American, three Canadian, three British and one Australian--received...

Ten years ago in The Corporate Board.(Retrospectives)
May 1, 2005... When a company's proxy statement contains only the information required by law, you miss an opportunity to explain and describe special circumstances, and inform shareholders of corporate goals. Institutional shareholders have become more...

Five years ago in The Corporate Board.(Retrospectives)
May 1, 2005... At this point in the greatest merger wave in industrial history, it is imperative that boards hold an acquisition summit with their senior management team. It is time to lay the ground rules for successful M&A activity. The board ought to...

Books received.(In Review: Recent Notes & Events)(Book Review)
May 1, 2005... Leadership. Edited by Ronald R. Sims and Scott A. Quatro. $39.95. M. E. Sharpe. Business leadership is a much studied (if not over-studied) topic, but this collection of essays examines leadership beyond just the corporate model to explore...

Spoken & written: articles & speeches.(Letter to the Editor)
May 1, 2005... A frequent failing of leadership is the self-image of omnipotence and infallibility. Because you are the leader, you believe that by definition you have ultimate wisdom. I have found that very few leaders have a monopoly on wisdom. And,...

Advanced Micro Devices, Inc.(Directors' Register: Recent Board Elections)(appointed Morton L. Topfer as director)(Brief Article)
May 1, 2005... Advanced Micro Devices, Inc. has elected to its board Morton L. Topfer, former executive vice president of Motorola, Inc. and vice chairman of Dell Inc.

Ameren Corporation.(Directors' Register: Recent Board Elections)(appointed Gayle P. W. Jackson as director)(Brief Article)
May 1, 2005... Ameren Corporation has elected to its board Dr. Gayle P. W. Jackson, president of Energy Global, Inc.

American Axle & Manufacturing Holdings, Inc.(Directors' Register: Recent Board Elections)(appointed Larry K. Switzer as director)(Brief Article)
May 1, 2005... American Axle & Manufacturing Holdings, Inc. has elected to its board Larry K. Switzer, former chief executive officer of Danka Business Systems PLC.

Applied Micro Circuits Corporation.(Directors' Register: Recent Board Elections)(appointed Julie H. Sullivan as direcotr)(Brief Article)
May 1, 2005... Applied Micro Circuits Corporation has elected to its board Julie H. Sullivan, professor at the Rady School of Management, University of California, San Diego.

Asbury Automotive Group, Inc.(Directors' Register: Recent Board Elections)(Appointments)(Brief Article)
May 1, 2005... Asbury Automotive Group, Inc. has elected to its board Janet M. Clarke, founder and president of Clarke Littlefield LLC, and Charles B. Tomm, chief executive officer of Coggin Automotive Group.

Balchem Corporation.(Directors' Register: Recent Board Elections)(appointed John Televantos as director)(Brief Article)
May 1, 2005... Balchem Corporation has elected to its board Dr. John Televantos, president of Aqualon Company.

Baxter International Inc.(Directors' Register: Recent Board Elections)(appointed Peter S. Hellman as director)(Brief Article)
May 1, 2005... Baxter International Inc. has elected to its board Peter S. Hellman, president, chief financial officer and chief administrative officer of Nordson Corporation, and Blake E. Devitt, former senior audit partner at Ernst & Young, L.L.P.

Countrywide Financial Corporation.(Directors' Register: Recent Board Elections)(appointed Kathleen Brown as director)(Brief Article)
May 1, 2005... Countrywide Financial Corporation has elected to its board Kathleen Brown, former treasurer of the State of California.

CSX Corporation.(Directors' Register: Recent Board Elections)(appointed John Breaux as director)(Brief Article)
May 1, 2005... CSX Corporation has elected to its board John Breaux, former U.S. Senator (D-LA).

Darden Restaurants, Inc.(Directors' Register: Recent Board Elections)(Appointments)(Brief Article)
May 1, 2005... Darden Restaurants, Inc. has elected to its board Charles A. Ledsinger, Jr., president and chief executive officer of Choice Hotels International, Inc., and William M. Lewis, Jr., managing director and co-chairman of Lazard Freres & Co. LLC.

Delta Air Lines, Inc.(Directors' Register: Recent Board Elections)(appointed Arthur E. Johnson as director)(Brief Article)
May 1, 2005... Delta Air Lines, Inc. has elected to its board Arthur E. Johnson, senior vice president of corporate strategic development at Lockheed Martin Corporation.

Eastman Chemical Company.(Directors' Register: Recent Board Elections)(appointed Michael P. Connors as director)(Brief Article)
May 1, 2005... Eastman Chemical Company has elected to its board Michael P. Connors, chairman and chief executive officer of VNU N.V.'s Media Measurement & Information Group.

Exide Technologies.(Directors' Register: Recent Board Elections)(appointed Mark C. Demetree as director)(Brief Article)
May 1, 2005... Exide Technologies has elected to its board Mark C. Demetree, chairman and chief executive officer of US Salt Holdings, LLC.

Hecla Mining Company.(Directors' Register: Recent Board Elections)(appointed George R. Nethercutt Jr as director)(Brief Article)
May 1, 2005... Hecla Mining Company has elected to its board George R. Nethercutt, Jr., former U.S. Congressman (R-WA).

The Home Depot, Inc.(Directors' Register: Recent Board Elections)(appointed Tom Ridge as director)(Brief Article)
May 1, 2005... The Home Depot, Inc. has elected to its board Tom Ridge, former Secretary of the Department of Homeland Security and former governor of Pennsylvania.

Lear Corporation.(Directors' Register: Recent Board Elections)(appointed Henry D. G. Wallace as director)(Brief Article)
May 1, 2005... Lear Corporation has elected to its board Henry D. G. Wallace, former group vice president and chief financial officer of Ford Motor Company.

Level 3 Communications, Inc.(Directors' Register: Recent Board Elections)(appointed James O. Ellis Jr. as director)(Brief Article)
May 1, 2005... Level 3 Communications, Inc. has elected to its board Admiral James O. Ellis, Jr., U.S. Navy (Ret.), former commander of the United States Strategic Command at Offutt Air Force Base, and Dr. Albert C. Yates, former president of Colorado State...

Longs Drug Stores Corporation.(Directors' Register: Recent Board Elections)(appointed Donna Tanoue as director)(Brief Article)
May 1, 2005... Longs Drug Stores Corporation has elected to its board Donna Tanoue, vice chairman and chief administrative officer of Bank of Hawaii.

Microsoft Corporation.(Directors' Register: Recent Board Elections)(appointed Dina Doublin as director)(Brief Article)
May 1, 2005... Microsoft Corporation has elected to its board Dina Dublon, former executive vice president and chief financial officer of JPMorgan Chase & Co.

Motorola, Inc.(Directors' Register: Recent Board Elections)(appointed Thomas J. Meredith as director)(Brief Article)
May 1, 2005... Motorola, Inc. has elected to its board Thomas J. Meredith, general partner and co-founder of Meritage Capital, LR and former chief financial officer of Dell Inc.

Owens-Illinois, Inc.(Directors' Register: Recent Board Elections)(appointed Helge H. Wehmeier as director)(Brief Article)
May 1, 2005... Owens-Illinois, Inc. has elected to its board Helge H. Wehmeier, former president and chief executive officer of Bayer Corporation.

The Pepsi Bottling Group, Inc.(Directors' Register: Recent Board Elections)(appointed John A. Quelch as director of the board)(Brief Article)
May 1, 2005... The Pepsi Bottling Group, Inc. has elected to its board Professor John A. Quelch, senior associate dean for International Development and Lincoln Filene Professor of Business Administration at Harvard Business School.

Safeco Corporation.(Directors' Register: Recent Board Elections)(appointed Gary Locke as memeber of the board)(Brief Article)
May 1, 2005... Safeco Corporation has elected to its board Gary Locke, former governor of the State of Washington.

Safeway Inc.(Directors' Register: Recent Board Elections)(appointed Douglas J. Mackenzie as director)(Brief Article)
May 1, 2005... Safeway Inc. has elected to its board Douglas J. Mackenzie, partner at the venture capital firm of Kleiner Perkins Caufield & Byers.

Sierra Pacific Resources.(Directors' Register: Recent Board Elections)(Brief Article)
May 1, 2005... Sierra Pacific Resources has elected to its board Joseph B. Anderson, Jr., chairman and chief executive officer of TAG Holdings, LLC.

Tribune Company.(Directors' Register: Recent Board Elections)(appointed J. Christopher Reyes as director)(Brief Article)
May 1, 2005... Tribune Company has elected to its board J. Christopher Reyes, co-founder and chairman of Reyes Holdings LLC.

United Parcel Service, Inc.(Directors' Register: Recent Board Elections)(Appointments)(Brief Article)
May 1, 2005... United Parcel Service, Inc. has elected to its board John Beystehner, president of UPS Airlines, and Ben Verwaayen, chief executive officer of BT Group plc.

West Marine, Inc.(Directors' Register: Recent Board Elections)(appointed Alice Richter as director)(Brief Article)
May 1, 2005... West Marine, Inc. has elected to its board Alice Richter, former National Industry Director of KPMG L.L.P.'s U.S. Food and Beverage practice.

Conversations: John M. Connolly: Why ISS is the voice of institutional investors.(Institutional Shareholder Services, corporate governance)(Interview)
May 1, 2005... As the world's leading provider of proxy voting and corporate governance services for over 1200 large investors, Institutional Shareholder Services is a voice that draws much respect every proxy season. Through its proxy analysis, research and...