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GTECH Board Tops List11 February 2005WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its Board of Directors has been named the Top Performing Board of Directors in Gaming by HVS Executive Search, an international executive recruiting and compensation consulting firm specializing in the gaming, lodging, and restaurant/retail industries. The Board Performance award is presented each year to the Board of Directors in the gaming industry that offers the best value to investors. HVS uses a broad range of criteria to judge the boards of more than 40 gaming companies, including size, makeup, and independence of the board; committee structures and effectiveness; prevalence of interlocks, insider participation, and related transactions; and fundamental commitment to pay-for-performance. "On behalf of the Board, GTECH is extremely honored to receive this award," said Robert M. Dewey, Jr., GTECH Board Chairman. "GTECH has been at the forefront of Board independence, well ahead of legislated requirements in this area. Eight of our nine directors and our Chairman position are non- executive independent directors. We firmly believe that good independent corporate governance is essential to properly guiding the future of a public company." GTECH received perfect scores in three of the four categories. Other top performers in this year's study included Harrah's Entertainment, Argosy Casinos, Ameristar Casinos, and IGT. |