Private Company Director

Interview with Charles Conn

 

News and Articles

Private equity boards enable directors to hone their skills without the publicity and liability that can be associated with public boards. 
The SEC’s climate proposal affects private equity firms, whether they trade on U.S. stock exchanges or not.
Boards and CEOs are most effective when they allow themselves to be open to ideas and vulnerable enough to have their own missteps corrected.
Complicating factors include inflation, interest rates and midterm election fallout.
Three questions family enterprises should ask when putting a governance model in place.
The SEC’s Hester Peirce addresses issues with the commission’s recent proposals.
In board meetings, be aware of who is responsible for what.
Honoring the dedication of talent is key to retention success.
Support the board by providing feedback and sharpening your listening skills.
The proper agenda is a must, but so is self-evaluation and diversity.

Our Board Evolution: The board supported the family through the loss of their leader.

Like most family businesses, Hussey Seating had a long history of family members serving as our CEO and board chair. That all changed in the spring of 2016, when my cousin, Timothy — our sixth-generation CEO, chair of the board and leader of the family — passed at age 59 after a two-year battle with cancer. We were faced with losing the key person who ran the business, the board and the family.


Opportunities for Directors in Private Equity

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Private equity boards enable directors to hone their skills without the publicity and liability that can be associated with public boards. 

Chris Beall, former member of the board of Amtrak and founder and managing partner of NOVA Infrastructure, believes we are in the midst of a boom time for private equity firms. 


Board Teamwork and Accountability

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Boards and CEOs are most effective when they allow themselves to be open to ideas and vulnerable enough to have their own missteps corrected.

By working together, board members and company executives gain experience in helping each other meet goals. Two principled underpinnings of success are teamwork and accountability.

 


2023 Will Be a Year of Uncertainty for Family Businesses

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Complicating factors include inflation, interest rates and midterm election fallout.

Over the past two years, the virus on everyone’s mind was COVID. Today, the virus is inflation.

As the cost of goods and wages rise, the country’s biggest private employer segment — family-owned businesses — is hoping for the medicine to cure cost-wary customers, staff layoffs and the inevitable, painful downward business spiral that comes with inflation.


Day & Zimmermann

Submitted by bwenger on Wed, 12/07/2022 - 20:04

Day & Zimmermann specializes in construction and engineering, staffing and defense solutions for leading corporations and governments around the world.

Establishing and Refining Family Business Governance

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Three questions family enterprises should ask when putting a governance model in place.

Family enterprises bear the unique challenge of building enduring entities while sharing the bonds of kinship. As these organizations pursue their growth objectives, they also work to safeguard family relationships and provide a legacy for future generations.


Directors Record

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