J. TERRENCE MURRAY, former chairman and CEO of FleetBoston Financial Corp., has been recognized by the New England chapter of the National Association of Corporate Directors with its lifetime achievement award.
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:
For leadership in public corporate governance: Basil Anderson, retired vice chairman of Staples Inc.; director of Becton, Dickinson & Company; Hasbro Inc.; Moody’s Corp.; and Staples.
For leadership in nonprofit governance: Sandra Edgerley, director of the Boys and Girls Clubs of Boston, Horizons for Homeless Children, the United Way of Massachusetts Bay and Merrimack Valley, and Be The Change; trustee of The Boston Foundation, The Meadowbrook School of Weston, and Noble and Greenough School.
The boards of State Street Corp. and Liberty Mutual Insurance Group were recognized for excellence as public and private companies, respectively.
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