Potter Anderson Partner, Myron T. Steele, Named to the NACD Hall of Fame

Potter Anderson & Corroon LLP is pleased to announce that partner and former Chief Justice of the Delaware Supreme Court, Myron T. Steele, has been named to the National Association of Corporate Directors (NACD) Hall of Fame and continues to be listed on the annual NACD Directorship 100.  The annual list recognizes leading corporate directors, corporate governance experts, policymakers, and influencers who significantly impact boardroom practices and performance. NACD has recognized individual directors who serve as role models in promoting exemplary board leadership, oversight, and courage in the boardroom for more than 37 years.

The NACD 2014 honorees will be celebrated during the NACD Directorship 100 black tie gala on December 3 in New York City, and NACD Directorship magazine will feature profiles of these leaders in the November/December 2014 issue.

Distinguished 2014 honorees include:

• Lifetime Achievement Award: Paula Rosput Reynolds, audit chair of Delta Airlines and director of TransCanada Pipeline and BAE Systems.
• Director of the Year: Rhys Best, lead director and compensation chair of MRC Global Inc., compensation chair of Trinity Industries and Cabot Oil and Gas, and nominating and governance chair of Commercial Metals.
• Hall of Fame: Barbara Hackman Franklin, Ilene Lang, and Myron T. Steele.

Nominees are evaluated in four key categories: integrity, mature confidence, informed judgment, and high performance standards. An independent selection committee reviews each nominee's history of advancing board performance and leading corporate governance practices in accordance with established NACD principles. The principles are a framework that encourages excellence in areas critical to boardroom leadership, including, but not limited to, risk oversight, corporate strategy, compensation, and transparency.

Steele is currently a partner at Potter Anderson & Corroon LLP and is the former Chief Justice of the Delaware Supreme Court. Previously, he served as a Judge of the Superior Court and a Vice Chancellor of the Delaware Court of Chancery after eighteen years in private litigation practice. He has presided over major corporate litigation and LLC and limited partner governance disputes, and writes frequently on issues of corporate document interpretation and corporate governance. Steele serves as Adjunct Professor of Law at University of Pennsylvania Law School, University of Virginia Law School, and Pepperdine University Law School.

About NACD

The National Association of Corporate Directors (NACD) is the advocate for the profession of directorship and the recognized authority focused on advancing exemplary board leadership and establishing leading boardroom practices. Informed by more than 35 years of experience, NACD delivers insights and resources that more than 14,000 corporate director members rely upon to make sound strategic decisions and confidently confront complex business challenges. NACD provides world-class director education programs, national peer-exchange forums, and proprietary research to promote director professionalism, ultimately enhancing the economic sustainability of the enterprise and bolstering stakeholder confidence. Fostering collaboration among directors, investors, and governance stakeholders, NACD is shaping the future of board leadership. To learn more about NACD, please visit www.NACDonline.org.

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.