HVS Goes Overboard Over Arlington Hospitality Board

ARLINGTON HEIGHTS, IL— Arlington Hospitality here has been named by HVS Executive Search as having the lodging industry’s top performing board of directors. As such, Arlington Hospitality President/CEO Jerry Herman and Board Member Steven Belmonte accepted the Lodging Leadership Award for Board Performance on behalf of the hotel ownership, development and management company’s board from Keith Kefgen, president of HVS Executive Search (a division of global hotel-consulting firm HVS International) and HVS International Founder/President Stephen Rushmore. The award was presented during the recent 26th Annual New York University International Hospitality Industry Investment Conference in New York. The Lodging Leadership Award for Board Performance is presented annually to that board of directors HVS Executive Search deems most effective in leading a public lodging company. It was explained that rankings are based on a corporate governance model, designed by Kefgen, that compares public lodging companies‚ board makeup, committee structures, independence, conflicts of interest and commitment to pay-for-performance. “With new regulations, re-affirmed commitment to accountability, and stricter guidelines in today’s market, it’s more important than ever that public companies implement strong, effective corporate-governance policies,” Kefgen said. To this end, he maintained: “The board of Arlington Hospitality has demonstrated outstanding commitment to this process.”