Summary
Becton, Dickinson and Company (BD) announced a significant change to its Board of Directors with the election of Cathy E. Minehan, effective November 19, 2007. Ms. Minehan will also serve on key committees, including the Audit Committee, the Corporate Affairs Committee, and the Corporate Governance and Nominating Committee. This appointment brings new expertise to the board, which will be closely watched by investors given the interconnectedness of board composition with corporate oversight and strategy.
Key Highlights
- 1Cathy E. Minehan elected to Becton, Dickinson and Company (BD) Board of Directors, effective November 19, 2007.
- 2Ms. Minehan appointed to the Audit Committee, Corporate Affairs Committee, and Corporate Governance and Nominating Committee.
- 3Disclosure of a potential related-party transaction: Ms. Minehan's husband is a managing director at Goldman, Sachs & Co.
- 4Goldman, Sachs & Co. provided services to BD, generating approximately $6.5 million in fees during BD's last fiscal year.
- 5Compensation details for Board members are referenced in the 2007 Annual Meeting proxy statement.