Harley-Davidson made the news earlier this week at MSN.com, in an inauspicious article titled "5 of the Worst Corporate Boards."
Watchdogs at The Corporate Library, an independent firm specializing in corporate governance, call out five of the most problematic corporate boards in America. Harley-Davidson makes this list alongside Freeport McMoRan, Comcast, Lockheed Martin and Coca-Cola. The Corporate Library criticizes the Motor Company for its "embedded board," with members that have been around for too long, are too cozy with the managers they oversee and are too hard to vote out. The group does, however, give H-D credit for recently hiring a new CEO, acting aggressively to control costs and for not showering excess pay on board members. It also points out that H-D is offering shareholders the chance to eliminate this problematic "embedded board" structure at its upcoming annual meeting on April 24. Link to the full article by clicking here: 5 of the worst corporate boards, via MSN.com.