Commentary: Archer Daniels' Cleanup: Don't Stop NowRichard A. Melcher and Greg Burns
Only at Archer Daniels Midland Co. could a corporate-governance revolution occur in the chairman's basement. On Jan. 14, ADM directors filed down the steps at Dwayne O. Andreas' Decatur (Ill.) home to discuss Agenda Item No.1: whether to enact sweeping changes that could turn the insider-dominated group into a model of independent oversight. At the next day's regularly scheduled board meeting, the group O.K.'d the plan without dissent.
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