Private Company Director


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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.
Just watch for conflicts of interest, and don’t meddle in the process.
Growth and talent are also major issues for private company boards. 
Winning a board position requires experience, brevity and an inviting smile.
Our new survey spotlights trends in director pay levels and offers insights into board compensation plan design.
Great board leadership means knowing your role, collaborating with management and more.

The Role of the Private Company Board in Family Business Succession

One of the most important responsibilities of a board is to ensure a smooth CEO succession, whether the company is public or private. However, succession planning in a privately owned family business will have many unique considerations the board must consider.

As stewards of Seaman Corporation, an industrial fabrics business founded by my father, we have been part of three CEO successions.

Our Board Evolution: It's Never Too Soon to Start a Board

I joined the company that my father and grandfather started together in late 1996, when David S. Lapine Company, Inc., was 28 years old. My grandfather had retired and my father had sole ownership. In those days, I gave no thought about future ownership, nor did I ever consider the different challenges faced by a family-owned business compared to any other. After seven years, the family complexity had changed substantially during those seven years. Two other members of my generation — my brother and my cousin — joined me at the company.

FM Global

Submitted by pcd@dmin on Wed, 01/13/2021 - 15:23

FM Global is a mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management.

One Family's Road to IPO

Executives of any company that goes public will tell you the process leading up to the IPO is grueling. For family-controlled Vertex Inc., which began trading on Nasdaq July 29 under the ticker symbol VERX, the challenges were compounded by the COVID-19 pandemic.

One Door Inc.

Submitted by pcd@dmin on Fri, 01/08/2021 - 08:08

One Door is a provider of cloud-based visual merchandising software. With One Door, space planners, visual merchandisers and store operations teams work to plan, execute and analyze store merchandising plans in a unified, cloud-based platform.

Ribon Therapeutics

Submitted by pcd@dmin on Fri, 01/08/2021 - 08:08

Ribon Therapeutics is a clinical state biotechnology company developing therapeutics targeting novel enzyme families that contribute to disease. Their lead program is an inhibitor in development for the treatment of cancer.

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