Proxy Board - Examples of Proxy Boards

Examples of Proxy Boards

  • GEC/Tracor — When the British conglomerate GEC acquired the US defense contractor Tracor in 1998 it was required to establish a proxy board due to the highly classified nature of some Tracor contracts.
  • Rolls-Royce/Allison — Rolls-Royce was required to establish a proxy board for its newly acquired subsidiary Allison in 1995. However the Department of Defense lifted this requirement in April 2000 and allowed Rolls-Royce to adopt the more flexible Special Security Arrangement.
  • QinetiQ — UK defence technology company QinetiQ set up a proxy board to manage its US businesses in 2004 following the acquisitions of Foster-Miller Inc and Westar Aerospace and Defense Inc

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