America’s best and worst boards
Financial Post - over 4 years
The boards of BlackRock Inc , Merck & Co Inc and Caterpillar Inc topped a ranking of the most capable boards of directors in corporate America, while a publicly traded affiliate of activist investor Carl Icahn came in last.
Companies rated as the least capable boards included several traditionally family- or founder-controlled companies, including Tyson Foods Inc, Dole Food Co Inc and D.R. Horton Inc.
A study by James Drury Partners, which conducts director searches, ranked boards of the 500 largest U.S. companies by revenue, based on the number and experience of their directors.
It gave the most weighting to outside directors who are CEOs at other companies, arguing they were most likely to have the experience and independence to challenge management, and less likely to be cowed by a fellow CEO.
The report found the shares of better-governed companies, as measured by the number and experience of the directors on their boards, outperformed the stocks of their less capable
Financial Post article