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News and Articles

Boards can help companies recover from dispute among workers.
Five ways PE funds can go from reactive to proactive on sustainability.
Know your company’s risk profile when guiding cybersecurity decisions.
Help your company overcome operational, organizational and financial risk.
Six private company boards were honored at the 2022 Private Company Governance Summit.
As part of the recent Private Company Governance Summit in Washington, D.C., attendees had an opportunity to meet with congressional represe
Diversity is more than just a societal hot-button.
Board members must follow the same cybersecurity standards as employees.
Digital transformations boost efficiency and increase revenue.
Nonprofit service can prepare directors for private company boards.

The Similarities of For-Profit and Nonprofit Board Service

Nonprofit service can prepare directors for private company boards.

There is a common, overly simplified and fundamentally mistaken belief that a nonprofit board is a different animal than the board of a privately held company. I’m here to tell you that, particularly from the chair’s perspective, that belief is false. 

A New Day for Businesses and Boards

Boards are seeking directors who understand the stakeholder perspective.

For owners of private companies, the best returns for the risk undertaken often come from taking into account  the returns for other stakeholders including employees, customers, suppliers and the communities where they  operate. In a sense, it’s a new day for businesses and boards. 

Rob Sligh is a senior consultant for The Family Business Consulting Group Inc.

How to Onboard New Directors

The better the introduction, the sooner the board member can make meaningful contributions.

Dottie Schindlinger is executive director of the Diligent Institute, the corporate governance research arm and think tank of Diligent Corporation. 

Recruiting and Acclimating the Best Board Members

Orienting the right people to your board bolsters retention efforts.

Recruiting and retaining qualified board members is necessary for the health of any corporation. An effective board must include active members engaged in overseeing the management of a company. The following are guidelines to ensure you recruit and retain the best members for your board.

Tonya Mitchem Grindon is a corporate finance shareholder at Baker Donelson. She is chair of the firm’s business department and a member of its audit and finance committee, and a former member of the firm’s board of directors.

Leveraging Your Board's Contacts and Influence

Know board resources and ask the right questions.

When new directors join a board, they come equipped with tremendous experience, copious contacts and a history of helping companies grow and succeed. However valuable that may sound, it isn’t worth much if company leadership doesn’t know how to leverage what board members bring to the table.

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