Quite a week for the governance junkies out there. (You know who you are). First up, H&R Block announces an overhaul of its corporate governance policies, from a non-binding shareholder vote on pay (say on pay, to those in the know) to a reduction in board size, director term limits, changes in directors’ compensation, and other reforms.
In less progressive news, it seems that the corporate governance policies at Anheuser-Busch have earned the brewers a D from our friends at the Corporate Library. Apparently, the Corporate Library doesn’t look too favorably on potential conflicts of interest among board members, staggered boards, or advanced age among some directors. To those skeptical of the ROI that sound governance policies bring to companies’ bottom lines, it’ll be interesting to see how the share-price fares as InBev moves to acquire it amid this none-too-rosy assessment.
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