MCGUIRE PROPOSES BOARD SHAKE-UP ON WTA TOUR
WTA Tour CEO Bart McGuire "has proposed major overhauls
to the tour's board of directors," according to Robin Finn
of the N.Y. TIMES. The proposal would "not only give him a
regular voting role on the 10-member board, but would also
restructure the board to include three directors with
business experience that is not directly related to tennis."
Finn reports McGuire is "seeking outsiders, specifically
those with expertise" in TV and marketing to bring "balanced
business judgment" to the tour. Finn: "The current board
has often been criticized for fiduciary conflict of
interest." Sources within the women's tour indicate that
the proposed changes to the board have "the backing of the
players, the International Tennis Federation and the [USTA].
But support from tournament directors, "whose seats on the
board would be trimmed, was less certain"(N.Y. TIMES, 3/18).