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Cover Story

22First-Time Directors Rev Up

Move over, sitting CEOs. Boards are taking on a new look as M&A lawyers, human-resources specialists, retired accountants, technology gurus, and others with needed skills claim their seats in the boardroom.
Plus: Meet Eight New Board Members 

September/October 2008  

Features

34 The Comp Committee Takes Its Turn on the Barbie
Litigious shareholders, insatiable reformers, and the SEC’s demanding disclosure regulations are the least of it. Fellow board members are also turning up the heat. Anyone for the laid-back audit committee?
Plus: More CEOs Share the Pain
Goodbye to "Hit Target, Get Bonus"
   
42 Who Chairs the Comp Committees at 50 Top Companies... 
...and how much those committees paid the CEO in total compensation in 2007. Did he earn it? See how his performance compared with that of other companies in his industry.
   
54 For Smart Companies, the New Gold Rush is Green 
Along with various venture capitalists, GE, Goldman Sachs, and Wal-Mart are banking on big payoffs by investing in green technology. Is it time for your board to set a similar strategy?
   
62 How to Buy a Racehorse (or Part of One) 
Yes, ownership of a champion thoroughbred can be pricey, but you can find yourself a horse for as little as $5,000, and investing in a syndicate helps spread the risk. Worried about being taken for a ride? Read on.
   
68 "The Issues That Chinese and U.S. Directors Face are Very Similar"
So says one U.S. board member who recently returned from a trip to China. Here are some other impressions from directors, investors, and business leaders who went on the same trip, during which they met their corporate counterparts, questioned government leaders, and heard expat Americans and local Chinese discuss the ins and outs of doing business there.