Private Company Directors




News and Articles

As the market is heating up for attracting and retaining diverse and talented directors, private companies are reviewing th
The pressure on companies to enact ESG (environmental, social and governance) plans has come from all sides: investors, sta
After an arduous 2020, many boards have been able to turn their focus from crisis management to recovery.
A 15-month shakeup changed the rules of engagement.
For publicly traded companies, the board’s primary responsibility is often defined as the hiring and firing of the CEO.
Meghan Juday was appointed chairman of IDEAL Industries in February 2020.
MacLean-Fogg has annual revenues of more than $1 billion and a professional, majority independent fiduciary board, but ther
Strong corporate governance can steady any company, whether a 160-year-old agribusiness or a 16-year-old bank.

Good Governance Depends on Family Trust

The Herschend family board is majority independent.

 

When you own stock in Apple, the employee at the Genius Bar doesn’t care that you’re a shareholder.

“But if a shareholder walks into one of our properties, there’s a good chance they’re a family member, and the employees know who they are,” says Andrew Wexler, the non-family CEO of Herschend Enterprises. “They’re going to maybe get nervous or anxious, because they want to make sure everything is as perfect as can be for that family member.


How Has the Board’s Role in Financial Reporting Changed?

Join RSM and Directors & Boards for an insightful webinar in which Sara Lord, RSM’s chief auditor and member of RSM’s board of directors; Rick Condon, RSM’s professional practice leader; Lauren Harrell, Director & Head of Commodities, Financial Institutions Group and Penn Medicine Chester County Hospital Foundation Audit Chair; and April Hall, Managing Editor of Directors & Boards discuss how the board's role in financial reporting has changed.

Wednesday, October 28, 2020
2:30 p.m. ET | 11:30 a.m. PT
60 minutes

 

Click to Replay
While board members play an important role in the governance of an organization’s business, the audit committee’s role of overseeing the financial reporting process is critical…and ever-expanding. The number and magnitude of financial reporting risks to be monitored continue to grow. The COVID-19 crisis also has fundamentally changed the world of work—and, in turn, affects many board responsibilities. Boards, and particularly audit committees, must consider how this unprecedented event affects their financial oversight responsibilities, especially regarding financial reporting.
 
Join RSM and Directors & Boards for an insightful webinar in which Sara Lord, RSM’s chief auditor and member of RSM’s board of directors; Rick Condon, RSM’s professional practice leader; Lauren Harrell, Director & Head of Commodities, Financial Institutions Group and Penn Medicine Chester County Hospital Foundation Audit Chair; and April Hall, Managing Editor of Directors & Boards will discuss and pose the following questions of audit committee members:
 
  • How has the audit committee board role expanded in recent years and how has it changed as a result of the COVID-19 pandemic?
  • How do you ensure you are providing financial reporting oversight with the appropriate rigor?
  • Do you have the requisite expertise to provide effective financial reporting oversight?
  • What do you and your committee members do to stay current in order to be responsive to evolving risks and regulations that are relevant to your financial reporting oversight role?
Sara Lord

Chief Auditor and RSM board member, RSM

Sara is the Chief Auditor and a member of the Board of Directors for RSM US LLP (RSM). In her role as Chief Auditor, she leads the audit and accounting policy and audit innovation departments of the firm. This includes overall responsibility for the methodology, tools, training and thought leadership supporting RSM’s assurance services as delivered today and their evolution into the future.

Prior to joining RSM, Sara was a partner in a regional accounting firm where she served clients and was a concurring and consultation resource for accounting and assurance needs. Sara also worked for a Big Four accounting firm in a variety of roles, including audit client service, national office consultation, and global office public policy.

Sara is a member of the AICPA Auditing Standards Board and Vice Chair of both the Center for Audit Quality’s Professional Practice Executive Committee and Advisory Council.

Sara received a Bachelor of Accountancy from the University of North Dakota (UND). She is a member of the UND College of Business and Public Administration Advisory Board and a 2015 inductee in the UND Accounting Hall of Fame.

 

Rick Condon

Partner, Audit Services, RSM

Rick serves as the director of the eastern regional professional practice office (RPPO) for the firm. The RPPO supports the firm's assurance practice and acts as a single point of contact between engagement teams and national, expert-level resources in dealing with complex accounting, auditing and risk management matters. He has provided audit, transaction assistance and risk advisory services for domestic and international clients in a wide array of industries including consumer and industrial products, technology and financial services for over 25 years.

Prior to joining RSM, Rick was a partner at a company, where he also served as the SEC practice director. Prior to that, he was a partner in the audit and business advisory practice at a firm.

 

Lauren Harrell

Director & Head of Commodities, Financial Institutions Group, Penn Medicine Chester County Hospital Foundation Audit Chair

Lauren Harrell is an experienced risk management and finance leader with holistic views of the finance sector. Having worked internally at finance and audit organizations and externally as an advisor across the finance enterprise, her approach leadership and the boardroom with a multiple-stakeholder focus. Lauren's ability to be an upstream thinker, connect the dots and recognize patterns where others see complexity allows her to bring a future-oriented mindset to a leadership or board role that has a need to evaluate alternative scenarios and see around corners.

For SEC purposes Lauren is considered a Qualified Financial Expert and a licensed CPA (active status) and a CFA Charterholder.

Professional Highlights:
Proposed, built, and scaled energy hedging business line for a global debt and derivatives advisory firm for Financial Institutions over $20B in assets
Advised financial institutions ranging in asset sizes from $500MM to $70B+ on risk management solutions
Performed financial statement and internal control audits of public and private financial institutions ranging in asset size of $250mm to $20B+
Trusted subject matter expert on risk with interviews/quotes for American Banker and Risk Management Association
Faculty member at American Bankers Association Stonier Graduate School of Banking hosted by UPenn Wharton’s Business School teaching Derivatives

Board Director Highlights:
Board Chair- $6.5M nonprofit
Advisory Board- $12B financial institution
Board Member- $110MM organization with 1,000 employees that engages in M&A and has multiple subsidiaries
Implemented and lead Board oversight of governance restructuring
Lead Board oversight of COVID-19 crisis response for a first responder organization
Oversaw financial turnaround for an organization in breach of loan covenants
Chair and/or member of Audit, Governance, Investment and Finance committees

April Hall

Managing Editor, Directors & Boards and Private Company Director magazines

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio.

Benefits

  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.

Sponsor

RSM

Private Equity Groups Need Governance, Too

Corporate governance is a too-often underutilized tool by private equity groups (PEGs) in their portfolio company investments. Its strengthening would be a relatively simple way for them potentially to reduce risk and increase enterprise value, including their potential sale value.


Incentive Design Changes in Response to Covid-19: Research Findings & Perspectives

Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.

Tuesday, October 6, 2020
1 p.m. ET  | 10 a.m. PT
60 minutes

Click to Replay

Many companies whose businesses have been curtailed by Covid-19 are struggling with how to handle incentive pay as they finish out 2020 and head into 2021. The pandemic has evaporated the performance-based value of equity grants at these companies —not just for one year, but potentially for three. Meanwhile, other companies that have benefitted from Covid-19 must think through a fair outcome and whether incentive payouts well above target are appropriate.  Now, more than six months into the pandemic, the level of uncertainty remains extraordinarily high for many companies and industries.

  • How can the board best keep management motivated in these circumstances? 
  • What choices do boards have?
  • What changes will have a lasting impact?

Through a recent study of pandemic-driven incentive changes for Russell 1000 companies and relevant client work, Semler Brossy reveals new insights. Join Semler Brossy’s Managing Directors, Greg Arnold and Blair Jones, along with Directors & Boards' Managing Editor, April Hall as they drive this important incentive pay conversation forward.

Greg Arnold

Managing Director, Semler Brossy

Greg has over 14 years of executive compensation consulting experience, including 9 years with Semler Brossy. Greg works across industries and has extensive experience across technology, consumer goods, retail, and healthcare companies. He advises companies ranging in size and stage, from pre-IPO and emerging growth companies to established Fortune 50 organizations.

Greg supports both Compensation Committees on executive pay and governance issues, as well as management teams seeking to address strategic compensation issues including equity strategy and incentive plan design.

Greg has prior experience at Mercer Consulting and Korn Ferry’s Human Capital practice. Additionally, Greg formerly served in an HR leadership role overseeing Compensation, Benefits, and HR Operations for a private equity backed retail services company with over 50,000 employees.

He has publications in Directors & BoardsNACD Directorship, and Workspan and has been republished by Harvard Corporate Governance Forum.

He is a graduate of Pomona College in Claremont, CA.

 

Blair Jones

Managing Director, Semler Brossy

Blair has 30 years of experience in executive compensation consulting, primarily advising public company boards but also private and pre-IPO companies. Blair has extensive experience across healthcare, retail, consumer products, automotive, and aerospace industries. She has expertise in advising boards on company transitions, significant investor concerns, and an expanding human capital management mandate.

Blair regularly speaks at leading board of directors and executive forums and is a prominent author in the executive compensation space. Her articles have been featured in many publications including NACD DirectorshipDirectors & BoardsHarvard Business ReviewWorkspanCorporate Board Member, and Bloomberg. Blair was a many-year member of the Executive Rewards Advisory Council for WorldatWork and co-founded WorldatWork’s Women in Executive Compensation and Regional Executive Compensation Roundtables. Blair participates in broader governance dialogue at the steering committee of the U.S. 30% Club and Harvard Law School Corporate Governance Roundtables.

Blair began her career at Bain & Company. Prior to joining Semler Brossy, Blair was Practice Leader in Leadership Performance and Rewards at Sibson Consulting. Blair holds a B.A. from Williams College in chemistry, with highest honors

 

April Hall

Managing Editor, Directors & Boards

April Hall is digital director for MLR Media and managing editor of Directors & Boards and Private Company Director. She is an award-winning journalist with more than 20 years of experience with daily newspapers, magazines and radio.

 

Benefits

  • No cost to attend.
  • All participants receive a copy of the webinar materials after the event.
  • All particpants will receive the Directors & Boards newsletter featuring real-time news, analysis and thought leadership on corporate governance  -- all delivered right to your inbox every Monday morning. You may, of course, opt out at any time.
  • Opportunity for questions and feedback.
  • Unbiased third-party director education.
  • 60 minutes -- maximum value for time.

 

Sponsor

Semler Brossy
The Evolution of Enterprise Governance Across Generations
The Private Company Board Compensation Summary Report 2020

Directors Record

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