BOSTON — CVS Caremark was named Public Company Board of the Year in the National Association of Corporate Directors New England Chapter’s Seventh Annual 2013 Director of the Year Awards.
NACDNE is a source in New England for corporate governance information, education and training for directors and CEOs who are committed to raising standards and improving boardroom performance. Each year, NACDNE recognizes board members and boards from public, private and nonprofit organizations who exemplify the key attributes of outstanding directors.
NACDNE will present the awards to the recipients at a formal recognition ceremony on April 11 at the Renaissance Boston Waterfront Hotel.
“NACDNE’s Director of the Year Awards honor those who uphold the highest professional standards for corporate governance,” stated R. Robert Popeo, president of NACDNE and chairman and president of Mintz Levin. “On the heels of the greatest financial meltdown in modern day history and the resulting sweeping regulatory reforms, such as the Dodd-Frank Act, this is a demanding environment for corporate boards. It is more important than ever to recognize effective boardroom leaders who guide companies through challenging times by making tough decisions with foresight and integrity.”
This year, NACDNE recognized three individual board members and two boards. More than 40 New England directors worked collaboratively to determine the slate of honorees.
“CVS Caremark’s board of directors plays a pivotal role in helping our company fulfill its purpose of putting people on their path to better health,” stated Larry Merlo, president and CEO of CVS Caremark. “Thanks in part to the leadership and guidance of our board, we are bringing forward innovative healthcare solutions that increase access to care, lower overall healthcare costs and result in positive health outcomes. We are pleased that this award recognizes our board’s significant ongoing efforts to improve and enhance pharmacy care.”