DETROIT, Nov. 3 /PRNewswire-FirstCall/ -- Comerica Incorporated
(NYSE: CMA) today announced the successful launch of a new area of the banking
company's Web site devoted to corporate governance.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO )
From the home page (www.comerica.com ), visitors can click on "Corporate
Governance" to find the following:
- Corporate Governance Guidelines recently adopted by the Comerica
Incorporated Board of Directors, including information on director
qualifications and responsibilities, responsibilities of key board committees,
director independence standards, director and senior officer stock ownership
guidelines, director compensation, and more;
- Comerica's Code of Business Conduct and Ethics;
- Comerica's Senior Financial Officer Code of Ethics;
- Comerica's Guidelines to Ethical Business Conduct;
- Comerica's board committee charters and information on committee
composition;
- Security ownership of management; and, more.
"Comerica is committed to sound corporate governance practices," said
Ralph W. Babb Jr., chairman, president and chief executive officer. "We
believe that strong corporate governance is important, and that integrity and
trustworthiness are the cornerstones upon which successful companies are
built."
"Comerica has a tradition of strong corporate governance," said Jon W.
Bilstrom, executive vice president, Governance, Regulatory Relations and Legal
Affairs. "Well before the adoption of the Sarbanes-Oxley Act of 2002 and
related rules, we had implemented many of the governance features that
companies are now expected to have. We are proud of our corporate governance
initiatives and invite investors to learn more about them by visiting this new
area of our company's Web site."
Comerica Incorporated (NYSE: CMA) is a financial services company
headquartered in Detroit, strategically aligned into three major lines of
business: the Business Bank, Small Business and Personal Financial Services,
and Wealth and Institutional Management. Comerica's more than 11,000
employees focus on relationships, and helping people and businesses be
successful. Comerica Bank locations can be found in Michigan, California,
Texas and Florida, with select businesses operating in several other states,
Canada and Mexico. Munder Capital Management and Comerica Securities are
investment services affiliates. Comerica reported total assets of $55 billion
at September 30, 2003. To receive e-mail alerts of breaking Comerica news, go
to www.comerica.com/newsalerts .
SOURCE Comerica Incorporated
-0- 11/03/2003
/CONTACT: Media Contacts: Sharon R. McMurray, +1-313-222-4881, Wayne J.
Mielke, +1-313-222-4732, or Investor Contacts: Helen L. Arsenault,
+1-313-222-2840, Judith M. Chavis, +1-313-222-6317, all of Comerica
Incorporated/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGO
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840/
/Web site: http://www.comerica.com /
(CMA)
5264 11/03/2003 14:00 EST http://www.prnewswire.com
