Medical Device Corporate Governance Survey

Originally Published MX July/August 2005

FINANCE

A survey of changes in corporate governance procedures regarding executive compensation in the medical device industry was conducted by Top Five Data Services Inc. (Fremont, CA) in May 2005. That survey followed up on a survey just like it that had been conducted in December 2003 and reported in this magazine (March/April 2004, page 36).

In the initial survey, a group of 20 publicly traded companies with product offerings primarily in the medical device field and headquarters in the United States were selected. The companies must have had their initial public offering no later than December 31, 2000. Three of the companies in the initial survey, Guidant Corp., Inamed Corp., and Ocular Sciences Inc. have been or are being acquired by other companies, so they were not included in the follow-up survey. Their information has been replaced with that of three other medical device companies of similar size: Zimmer Holdings, Cytyc, and Viasys Healthcare.