The report also analyzed the boards of system and storage companies to see which ones had the most independent boards and the most dispassionate reporting structures. Here, NetApp won out because it has a separate CEO and chairman, elects board members annually, and has 88 percent of its board independent of any affiliation or interest in the company.
When it came to having a good balance between internal and external shareholders, Brocade, Dell, EMC, IBM, Lexmark, NetApp, and StorageTek made leader status. These companies strive for equitable voting rights among all shareholders and resist practices that give too much weight to specific kinds of shareholders, Goldman says.
Bottom line? Corporate governance in the storage and system sector is still "a work in process," the report states, but improvements will drive up investors' willingness to spend a premium on stock, upping performance of well-governed companies over time.
Mary Jander, Site Editor, Byte and Switch
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