Corporate Board articles from September 2006

Corporate Board archives from September 2006

Better corporate governance for a better world.
September 1, 2006... Many business people in developed economies think of corporate governance reform as a needed burden, related to increased board workloads and liability dangers. However, according to The World Bank Group President Paul Wolfowitz, for the...

Option pricing abuse and boards.
September 1, 2006... The past few months have seen once-arcane stock option terms, such as backdating and spring-loading, leap into the business headlines. Investigations with potential civil and criminal actions face companies, boards and officers suspected of...

Shaping board and committee calendars.
September 1, 2006... As board work becomes more demanding, effective corporate board agendas and schedule management grow more crucial. A well-planned annual board and committee calendar can help directors make required decisions, receive the materials they need,...

Hearing the voice of the customer in the boardroom.
September 1, 2006... The board of directors holds a unique position in corporations. While the ultimate corporate "insider," it also brings perspectives from the outside--shareholders, the general public, and customers. The voice of the latter can be particularly...

Continuous auditing: wave of the future?
September 1, 2006... As corporate oversight and regulatory demands become stricter, boards and managers need more robust financial controls. If internal audit discovers a danger six months after the fact, the situation will have had plenty of time to grow into a...

CFOs have grown more confident in the quality of technology and financial reporting.(Audit)
September 1, 2006... How have businesses changed during the past three years? In a recent survey, 40 percent of chief financial officers (CFOs) said they are more confident in their companies' technology capabilities today. More than one-third (34 percent) of...

Option backdating issue could prove less serious than believed.(Brief article)
September 1, 2006... A report from The Corporate Library--Backdating Stock Options: Are There Common Characteristics Among The Companies Implicated identifies common characteristics among companies implicated in the stock options backdating crisis, and concludes...

CEO pay may not be out of line, says Business Roundtable.(Discussion)
September 1, 2006... Business Roundtable, an association of 160 chief executive officers of leading U.S. companies, has released research conducted by compensation expert Frederic W. Cook indicating that the growth in total compensation of CEOs of 350 large...

Boards may not be providing adequate enterprise risk oversight.
September 1, 2006... Corporate directors could find themselves exposed to liability if they fail to keep pace with evolving best practices in enterprise risk management (ERM), according to a study by The Conference Board, in conjunction with McKinsey & Company and...

Corporate reputation takes over three years to recover from a crisis.
September 1, 2006... Executives around the world believe it takes companies slightly more than three years (3.2 years) to recover from a crisis that damages their reputation, according to market research by BursonMarsteller. The research, based on the opinions of...

Ten years ago in The Corporate Board.(Brief article)
September 1, 2006... The board is the mechanism for shareholder oversight. The problem with trying to reform management practices is that we can get into second guessing and micromanaging. That's not the proper position for shareholders. The way to correct problems...

Five years ago in The Corporate Board.
September 1, 2006... Corporate governance would be easy if we could be assured of an endless supply of brilliant, knowledgeable men and women of experience, judgment and high character who were willing to serve. Unfortunately, such demigods are not very usual in...

Books received.(Bibliography)
September 1, 2006... The Embedded Corporation. By Sanford M. Jacoby. Princeton University Press. $35. The rise of shareholder power in the U.S. is well documented, but the author explores how shareholder voices are also becoming stronger in corporate Japan, and how...

Articles & speeches.(Spoken & Written)
September 1, 2006... The truth is that watchdogging corporate America is a job that never ends. It's like slashing red tape, getting lean and mean, or doing the dishes. Somehow, there's always a dish in the sink five minutes after you finish, always someone a...

Aetna Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Aetna Inc. has elected to its board Frank M. Clark, chairman and chief executive officer of Commonwealth Edison Company.

American West Bancorporation.(Directors' Register: Recent Board Elections)
September 1, 2006... American West Bancorporation has elected to its board Kay C. Carnes, Ph.D., director of graduate business programs, coordinator of accounting programs and tenured professor in the School of Business at Gonzaga University.

Applied Materials, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Applied Materials, Inc. has elected to its board Robert H. Brust, chief financial officer of Eastman Kodak Company.

Autoliv Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Autoliv Inc. has elected to its board Robert W. Alspaugh, former chief executive officer of KPMG International.

Avaya, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Avaya, Inc. has elected to its board Frank J. Fanzilli, former global chief information oficer and managing director of Credit Suisse First Boston.

Ball Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Ball Corporation has elected to its board Georgia R. Nelson, president and chief executive officer of PTI Resources, LLC.

Barnes & Noble, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Barnes & Noble, Inc. has elected to its board Patricia L. Higgins, former president and chief executive officer of Switch and Data Facilities Co.

Becton, Dickinson and Company.(Directors' Register: Recent Board Elections)
September 1, 2006... Becton, Dickinson and Company has elected to its board Adel A. F. Mahmoud, M.D., Ph.D., chief executive of the Global HIV Vaccine Enterprise and chief medical advisor, vaccines and infectious diseases at Merck & Co., Inc.

Bristol-Myers Squibb Company.(Directors' Register: Recent Board Elections)
September 1, 2006... Bristol-Myers Squibb Company has elected to its board Vicki L. Sato, professor of management practice at the Harvard Business School and professor of molecular and cell biology at Harvard University.

Calpine Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Calpine Corporation has elected to its board Glen H. Hiner, former chairman and chief executive officer of Owens Coming Inc.

Centex Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Centex Corporation has elected to its board Matthew K. Rose, chairman, president and chief executive officer of Burlington Northern Santa Fe Corporation.

Delphi Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Delphi Corporation has elected to its board John D. Englar, executive in residence for Duke University's Fuqua School of Business and the University of North Carolina's Bryan School of Business.

Dollar General Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Dollar General Corporation has elected to its board Richard E. Thornburgh, vice chairman of Corsair Capital.

Emerson Electric Co.(Directors' Register: Recent Board Elections)
September 1, 2006... Emerson Electric Co. has elected to its board Randall L. Stephenson, chief operating officer of AT&T Inc.

Exxon Mobil Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Exxon Mobil Corporation has elected to its board Samuel J. Palmisano, chief executive officer of International Business Machines Corporation.

Genworth Financial, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Genworth Financial, Inc. has elected to its board Barrett A. Toan, former chairman of Express Scripts, Inc.

Lincoln Electric Holdings, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Lincoln Electric Holdings, Inc. has elected to its board Stephen G. Hanks, president and chief executive officer of Washington Group International, Inc.

Mattel, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Mattel, Inc. has elected to its board Frances Daly Fergusson, Ph.D., former president of Vassar College.

Motorola, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Motorola, Inc. has elected to its board David Dorman, former chairman and chief executive officer of AT&T Inc.

Murphy Oil Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Murphy Oil Corporation has elected to its board James V. Kelley, president and chief operating officer of BancorpSouth, Inc.

PACCAR Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... PACCAR Inc. has elected to its board Charles R. Williamson, former chairman and chief executive officer of Unocal.

Perry Ellis International, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Perry Ellis International, Inc. has elected to its board Joe Arriola, founder and chief executive officer of Avanti Press Inc., and Linda Platzner, former executive vice president of PRIMEDIA, Inc. and president of Seventeen Magazine Group.

Rambus Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Rambus Inc. has elected to its board Penny Herscher, president and chief executive officer of firstRain, Inc.

Sara Lee Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Sara Lee Corporation has elected to its board Cynthia B. Carroll, president and chief executive officer of Alcan Primary Metal Group.

Sempra Energy.(Directors' Register: Recent Board Elections)
September 1, 2006... Sempra Energy has elected to its board Luis Tellez, managing director for The Carlyle Group.

Symyx Technologies, Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Symyx Technologies, Inc. has elected to its board Anthony R. Muller, former executive vice president and chief financial officer of JDS Uniphase Corporation.

Tidewater Inc.(Directors' Register: Recent Board Elections)
September 1, 2006... Tidewater Inc. has elected to its board Nicholas J. Sutton, chairman and chief executive officer of Resolute Natural Resources Company.

United Technologies Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... United Technologies Corporation has elected to its board Richard B. Myers, retired U.S. Air Force general and former chairman of the Joint Chiefs of Staff.

URS Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... URS Corporation has elected to its board William P. Sullivan, president and chief executive officer of Agilent Technologies, Inc.

Whirlpool Corporation.(Directors' Register: Recent Board Elections)
September 1, 2006... Whirlpool Corporation has elected to its board William T. Kerr, chairman of Meredith Corporation.

Ira Millstein: a new way to study governance.(Conversations)(Interview)
September 1, 2006... For decades, Ira Millstein has been in the background at pivotal boardroom moments. A senior partner at the international law firm Weil Gotshal & Manges, Millstein was already a noted authority on corporate governance reform in 1992 when the...