X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The Indy 50
On average, 82 percent of the Fortune50′s board members are independent,well above the stock exchanges’ 50 percent requirement. — By Jennifer Blocker
Company Percent Of Independent Directors Total Number Of Directors Number Of Independent Directors Number Of Nonindependent Directors Fortune Ranking Industry
Target Corporation 93% 14 13 1 23 General Merchandisers
Wells Fargo & Company 93% 14 13 1 49 Commercial Banks
Cardinal Health, Inc. 92% 13 12 1 17 Wholesalers: Health Care
MetLife, Inc. 92% 13 12 1 36 Insurance: Life, Health (stock)
The Allstate Corporation 92% 12 11 1 47 Insurance: P&C (stock)
J.C. Penney Company Inc. 92% 12 11 1 43 General Merchandisers
Exxon Mobil Corporation 91% 11 10 1 2 Petroleum Refining
General Motors Corporation 91% 11 10 1 3 Motor Vehicles and Parts
Verizon Communications Inc. 91% 11 10 1 12 Telecommunications
Albertson’s, Inc. 90% 10 9 1 38 Food and Drug Stores
Altria Group, Inc. 90% 10 9 1 15 Tobacco
AT&T Corp. 90% 10 9 1 40 Telecommunications
The Boeing Company 90% 10 9 1 21 Aerospace and Defense
McKesson Corporation 90% 10 9 1 16 Wholesalers: Health Care
Morgan Stanley 90% 10 9 1 39 Securities
Sears, Roebuck & Co. 90% 10 9 1 32 General Merchandisers
Hewlett-Packard Company 89% 9 8 1 11 Computers, Office Equipm
ConocoPhillips 88% 16 14 2 7 Petroleum Refining
J . P. Morgan Chase & Co. 88% 16 14 2 26 Commercial Banks
Medco Health Solutions, Inc. 88% 8 7 1 41 Health Care
Valero Energy Corporation 88% 8 7 1 34 Petroleum Refining
Pfizer Inc. 87% 15 13 2 25 Pharmaceuticals
Lockheed Martin Corporation 86% 14 12 2 48 Aerospace and Defense
Johnson & Johnson 85% 13 11 2 30 Pharmaceuticals
Chevron Texaco Corporation 83% 12 10 2 6 Petroleum Refining
The Home Depot, Inc.1 83% 12 10 2 13 Specialty Retailers
IBM Corporation 83% 12 10 2 9 Computers, Office Equipment
Lowe’s Companies, Inc. 83% 12 10 2 50 Specialty Retailers
SBC Communications Inc. 82% 17 14 3 33 Telecommunications
Marathon Oil Corporation 82% 11 9 2 35 Petroleum Refining
Procter & Gamble Company 81% 16 13 3 28 Household and Personal Products
Dell Inc. 80% 10 8 2 31 Computers, Office Equipment
Microsoft Corporation 80% 10 8 2 46 Computer Software
Walgreen Co. 80% 10 8 2 45 Food and Drug Stores
Bank of America Corporation 79% 19 15 4 24 Commercial Banks
Amerisource Bergen Corporation 78% 9 7 2 22 Wholesalers: Health Care
Safeway Inc. 78% 9 7 2 37 Food and Drug Stores
The Kroger Co. 75% 16 12 4 19 Food and Drug Stores
Wal-Mart Stores, Inc. 71% 14 10 4 1 General Merchandisers
Fannie Mae 69% 13 9 4 20 Diversified Financials
State Farm Insurance Companies 69% 13 9 4 18 Insurance: P&C (mutual)
Time Warner Inc. 69% 13 9 4 27 Entertainment
Ford Motor Company 69% 16 11 5 4 Motor Vehicles and Parts
General Electric Company 69% 16 11 5 5 Diversified Financials
Citigroup Inc.2 67% 15 10 5 8 Commercial Banks
Costco Wholesale Corporation 67% 12 8 4 29 Specialty Retailers
The Dow Chemical Company 3 67% 15 10 5 44 Chemicals
United Parcel Service, Inc.4 67% 9 6 3 42 Mail, Package, Freight Delivery
American International Group, Inc. 60% 15 9 6 10 Insurance: P&C (stock)
Berkshire Hathaway Inc. 55% 11 6 5 14 Insurance: P&C (stock)
1 Within the next year The Home Depot will reduce its board to ten members.
2 President Gerald Ford has served as an honorary director since 1986.
3 Director Jack Danforth will retire soon, reducing the number of independent directors to nine.
4 Director Bob Teeter died since the proxy filing.
Source: SEC filings, company Web sites, and D&O Advisor research.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.