Beer Companies' Annual Report

This review will cover the annual reports of the Molson Beer Company Inc, Adolph Coors Brewing Company, Coors Light Company, and Brick Brewing Company, specifically examining the President's or CEO's message to shareholders, the composition of the board of directors, and the contingent liabilities.

The statements of the Presidents and CEO's of the four companies stated above were similar in that they all emphasized their desire for quality in their products and listed their successes in the brewing sector. For example, Eris Molson, chairman of the board of the Molson Beer Company stated that "to win the beer business, we must be great brand-builders, solid business strategists, aggressive, and agile implementers." while the president of Brick Brewing Company claimed that their company is determined to leverage its uniqueness for the long term benefit of its shareholders. The CEO of Adolph Coors Brewing Company elaborated on the management's reports to shareholders, describing the actions taken to ensure the utmost accuracy in their financial statements.

The presidents also listed the awards their companies received in the year of 2005. They talked about the new brands of beer they have released into the market such as the Laker brand by Brick Brewing Company. The presidents of Adolph Coors Brewing Company and the Coors light Company talked about how their television adds focus on the people and how their programs are meant to entertain families. The presidents of Adolph Coors Brewing Company, and Brick Brewing Company listed the future goals of their companies. The president of Molson Brewing Company stated that 'Moving forward, we intend to thrive and grow. In order to do that, we must first make significant gains in our efforts to improve profitability and deliver sustained top-line performance."

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If one examines the members of the board of directors in these companies, one can discern certain patterns when it comes to their professional background, race, gender, age, and educational training. The members of the board of directors of the four companies under study are predominantly white middle-aged men who have obtained a higher education and hold high-raking jobs in other professional fields. For example, Charles Herlington, on the board of directors of Molson Beer Company, is a Chairman and C.E.O. for AT&T Inc. Moreover,