March 12, 2010
NACD New England Announces the 2010 Director of the Year Award Winners
BOSTON (March 12, 2010) – The National Association of Corporate Directors (NACD) New England Chapter today announced its winners of the 2010 Director of the Year Awards. The awards recognize excellence in public and non-profit corporate governance.
“Once again this year, we received a stellar group of nominees for the Director of the Year Awards that represent a broad array of industries throughout the region,” said Bill Earon, New England Chapter President. “These award winners are individuals and a Board that are leaders in their chosen fields and role models for good corporate governance. As an organization, we’re extremely proud to recognize the individuals and Board that support the NACD’s vision of excellence in boardroom leadership.”
The following boardroom leaders of New England-based companies who have made outstanding contributions to New England’s corporate community are this year’s recipients of the NACD New England’s 2010 Director of the Year Awards:
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March 12, 2010
EMC, Connors Win Honors
The New England chapter of the National Association of Corporate Directors said its annual awards will include honors for EMC Corp.'s board of directors and Jack Connors, chairman emeritus and a founder of Boston ad agency Hill Holliday.
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August 31, 2009
Directorship's 10th Annual Boardroom Leaders Forum
The 10th Annual Boardroom Leaders Forum convenes the most advanced thinkers in corporate governance, regulation, shareholders, and leading directors and CEOs, as well as political and regulatory leaders in global business.
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August 10, 2009
Pay Czar Meets With Executives As Compensation Deadline Looms
The Washington Post (8/9, A1, Dennis, Tse) reported on its front page, "President Obama's compensation czar has been meeting for weeks with executives at some of the country's largest and most troubled companies as they face a Thursday deadline to propose how much they will pay their top employees." Kenneth R. Feinberg has the "unprecedented task of deciding executive compensation at seven companies that received large government bailouts." With Congress and the public "already exasperated by the hefty pay awarded to Wall Street bankers, Feinberg is under intense pressure to put checks on excessive pay." But if he "goes too far, the companies he oversees could lose their rainmakers and other key executives to rival firms that are not subject to similar pay restrictions." The seven companies are "still finalizing the pay plans due Thursday" and "all seek to give employees an incentive to care about the long-term health of their company instead of short-term gain."
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July 6, 2009
New England Business Leaders Cautiously Optimistic About U. S. Economic Recovery
BOSTON (July 6 2009) – Business leaders in New England are cautiously optimistic about the local and national economies, according to a new survey conducted by the National Association of Corporate Directors New England Chapter (NACD New England). Seventy-eight percent of the boardroom directors and other business leaders surveyed believe that the U.S. economy will recover either significantly or slightly within the next 12 to 24 months. Only five percent believe the economy will worsen, and 16 percent expect it to remain the same.
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June 3, 2009
SEC To Propose Expansion Of Pay Disclosures.
The Wall Street Journal (6/3, Scannell) reports the SEC "plans to propose that companies disclose in general terms how they compensate lower-ranking employees, expanding disclosures for the first time beyond the executive suite." SEC Chairman Mary Schapiro said Tuesday during congressional testimony "that the rules could be taken up by the agency next month." The proposals would not "require companies to say how much they pay these star performers, but they would have to disclose in more-general terms how lower-ranking employees are paid, especially when it affects the company's overall risk management." The SEC is also expected to "seek information about the overall design of the company's pay structure and how compensation relates to an employee's performance over the long run."
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