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P&G Directors Face Own Challenges While Keeping Tabs on McDonald

Procter & Gamble Co.’s directors are facing a time management challenge: monitoring Chief Executive Officer Robert McDonald’s turnaround plan while running their own companies.

Until Angela Braly resigned as WellPoint Inc.’s top executive last week, six of the 10 outside directors on P&G’s board were active CEOs, the highest number of any company in the Standard & Poor’s 500 Index, according to an analysis by GMI Ratings in New York. Now that Braly is no longer a CEO, P&G ties International Business Machines Corp. with five, GMI found.