n other news, Bally’s Board of Directors was named 2008’s “Best-Performing Board” in HVS Executive Search’s 11th annual study of best practices in the boardrooms of public gaming companies.
HVS analyzed the documents of 38 publicly traded gaming companies and rated each company based on four fundamentals: the size, makeup, and independence of the board; committee structure and effectiveness; the presence of interlocks, insider participation, and related transactions; and fundamental commitment to pay for performance. Bally received the highest score of all 38 companies.
“We have a very dedicated and active Board of Directors that is committed to both outstanding governance and shareholder value creation,” said Richard M. Haddrill, Bally’s CEO. “I am very pleased with this recognition.”