Under Armour’s Corporate Governance
Under Armour has a very organized and effective corporate governance structure. Shareholders of UA elect the Board of Directors who act as the final decision-making body of the company; decisions include choosing the CEO and top management officials, among other things. While the management is in charge of running the day-to-day business of UA, the Board oversees all of their actions. The Board is responsible for acting in an ethical manner that advances the goals and strategies of the company, while ultimately suiting the best interests of the shareholders. Members of the Board are open and willing to speak with other stakeholders; however, upper management generally acts as the voice for the company.

Wall Street website posted a listing stating, “Under Armour, Inc. delivered a profit and beat Wall Street’s expectations, and beat revenue expectation. They quoted a statement from CEO Kevin Plank saying: “We closed 2012 strongly, delivering net revenue growth of at least 20% for the eleventh consecutive quarter in Q4 by building upon key apparel technology platforms like Storm Fleece and Charged. Our ability to bring practical innovation to our consumer across a broad range of product drove our 25% net revenue growth in 2012 and positions us well for 2013 and beyond. With these strong results in hand, we are well on our way toward delivering on the goal established at our June 2011 Investor Day to more than double our net revenues from 2010 to 2013.”
With that statement, it proves that management is doing a good job.

Under Armour’s Board of Directors has adopted Stock Ownership Guidelines to further align the financial interests of the company's executives and non-management directors with the interests of its stockholders. The Board requires chief executives to own a minimum of 10x. It is anticipated that the appointed