By PBN Staff
BOSTON – J. Terrence Murray was honored for excellence in board leadership on Feb. 1.
Murray was given the lifetime achievement award by the National Association of Corporate Directors New England chapter, one of three individuals and two boards that were recognized in its 2012 Director of the Year Awards.
Murray is the retired chairman and CEO of FleetBoston Financial Corp. He is a director of CVS Caremark Corp., former director of A.T. Cross Co., Allmerica Financial Corp., and Partners HealthCare Systems in Boston; and honorary trustee of the Museum of Fine Arts in Boston.
“In a time of ongoing economic uncertainty and in the wake of new boardroom regulations, implemented as a result of the Dodd-Frank legislation, high performing boards are more important than ever,” the association said about its awards.
“I believe a critical element of exemplary board governance is an individual’s ability to tap into unparalleled real world experience to provide wise observations about situations pertinent to the company’s overall performance, and to manage challenges that arise with a mature, business-focused mindset,” said Murray in a news release.
Two other individuals won awards:
The boards of State Street Corp. and Liberty Mutual Insurance Group were recognized for excellence as public and private companies, respectively.