Hands-On Board Directors Can Build Value for Your Company

Some say that a strong board of directors can have a direct influence on a company’s stock price, according to [...]

July 26 2011 by ChiefExecutive.net

Some say that a strong board of directors can have a direct influence on a company’s stock price, according to The Wall Street Journal. And although this is directly relevant for public company CEOs, there are also lessons to be learned for private company CEOs.

JamesDruryParnters LLC released a study on the relationship between “the quality of business acumen in the boardroom and the stock performance of the company.” It seems that there are specific business leaders who have served on a number of boards and those boards have garnered significant success for the company. Having active board members, no matter whether you are public or private, who are active and invested in the betterment of the company, can really help to bring about successes.

Here is a list of some board members with stellar board-room track records:

  • Stephen G. Rothemeler
    • Former CEO, Northwest Airlines
    • Board positions: Waste Management; Precision Castparts
  • William C. Rusnack
    • Former CEO, Premcor
    • Board positions: Flowserve; Peabody Energy
  • H. Jay Sarles
    • Former vice chairman, Bank of America
    • Board positions: AvalonBay Communities; Ameriprise Financial
  • Frederick V. Salerno
    • Retired vice chairman, Verizon Communications
    • Board positions: Akamai Technologies; InterContinentalExchange
  • Stratton D. Sclavos
    • Former CEO, VeriSign
    • Board positions: Jupiter Networkds; Salesforce.com
  • Naomi O. Seligman
    • Senior partner, Ostriker von Simson
    • Board positions: Akamai Technologies; Oracle; Dun & Bradstreet
  • Orin C. Smith
    • Retired CEO, Starbucks
    • Board positions: Walt Disney; Nike
  • Alfred Sommer
    • Prof. and former dean, Johns Hopkins University School of Public Health
    • Board positions: Becton, Dickinson & Co.; T. Rowe Price Group
  • Vincent S. Tese
    • Executive chairman, Bond Street Holdings
    • Board positions: InterContinentalExchange; Cablevision Systems
  • Hansel E. Tookes
    • Former CEO, unit of Raytheon
    • Board positions: Ryder System; NextEra Energy
  • Carl Ware
    • Retired executive VP, Coca-Cola
    • Board Positions: Cummins; Chevron
  • Robert N. Wilson
    • Former vice chairman, Johnson & Johnson
    • Board Positions: Hess; Charles Schwab

Read: Grading Directors by Stock Price