NewBridge Bancorp Completes Board Excellence Assessment
March 21, 2012
Greensboro, N.C. — In line with today’s best business practices, the Board of Directors for NewBridge Bancorp has completed a third party Board Excellence Assessment™ (BEA) of the company's corporate governance practices. The BEA Report highlights entrepreneurial leadership at the board level and speaks to accountability to all stakeholders including shareholders, employees, clients, retirees, vendors, and the various communities NewBridge Bank serves. The BEA is designed for comparative board evaluations for a three- year period to benchmark progress as the board and management asserts leadership and service to the Bank’s clients.
“Our vision is to be a high-performing community bank,” said Pressley A. Ridgill, President and Chief Executive Officer of NewBridge Bancorp and NewBridge Bank. “To achieve this vision, we must show leadership in all areas of operation. While NYSE-listed companies are required to do board evaluations, we engaged in the process voluntarily to move accountability, performance and service to a higher level for all of our shareholders, clients, banking professionals, and the communities in which we do business."
In addition to the Company’s Board of Directors, the Audit and Risk Management and Compensation committees for the Company and the Bank were evaluated, along with the Corporate Governance committee for the Company, by The Center for Board Excellence (www.boardevaluations.com), a national SaaS online patent-pending service providing rich data to guide progressive banks forward.
About Center for Board Excellence
The Center for Board Excellence (CBE) is a leading provider of independent, third party board and leadership assessments. Our patent pending web-based information platform for board and leadership evaluation solutions are designed for public, private and NFP companies that seek to improve their enterprise’s effectiveness and overall impact in the marketplace. CBE’s automated online processes and reports will identify areas in which managers can enhance their effectiveness and comply with the NYSE requirement of annual board and committee evaluations.
For more information on CBE go to www.boardevaluations.com or call 336.881.1440.
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