took a step forward on the corporate governance front Thursday, naming Robert Lamm corporate secretary and director of corporate governance, a newly established position.
Under his new post, Lamm will be responsible for the ongoing development and implementation of the company's corporate governance programs and policies while also serving as a liaison to institutional investors regarding governance-related issues. Lamm, 55, was previously chairman of the securities and corporate governance practice group at the Florida law firm Gunster, Yoakley & Stewart.
Computer Associates has drawn repeated criticism over the past several years for some of its management policies, including a controversial switch to what it calls "pro forma, pro rata" accounting and a July payment to investor Sam Wyly just before he agreed to drop his second proxy contest against the firm. The company has also been the subject of
and Justice Department probes.
The shares were recently trading up 30 cents, or 2%, at $15.24 on the
New York Stock Exchange.