Allergan Board adopts guidelines on significant Corporate Governance Issues; Tamara J. Erickson named to chair the Corporate Governance Committee.IRVINE, Calif.--(BUSINESS WIRE)--July 27, 1995--Allergan Inc. (NYSE NYSE See: New York Stock Exchange : AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ) Thursday announced that its board of directors has adopted written guidelines on significant corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. issues. Tamara J. Erickson, senior vice president and managing director of Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. Inc., was named to chair the Corporate Governance Committee of the board. This committee, like the Audit and the Organization & Compensation Committees, will consist entirely of outside directors. "The board voluntarily initiated the review of the company's corporate governance guidelines to increase the board's effectiveness," said Erickson. "The Corporate Governance Committee will assign board members to various committees and meet annually to assess the board's performance." The guidelines are similar to those recently adopted by other large public companies and cover such matters as the mix of inside and outside directors, board compensation and performance, committees of the board, regular meetings of outside directors and the formal evaluation of the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Allergan Inc., a global health care company with headquarters in Irvine, Calif., develops, manufactures and markets specialty therapeutic products for eye and skin care and neuromuscular neuromuscular /neu·ro·mus·cu·lar/ (-mus´ku-ler) pertaining to nerves and muscles, or to the relationship between them. neu·ro·mus·cu·lar adj. 1. disorders. A technology-driven company, Allergan is working to be the partner of choice for ever better health care. CONTACT: Allergan Inc., Irvine Jeff D'Eliscu, 714/246-4636 work 714/675-9475 home |
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