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.

LoJack Corporation appoints Alan L. Bazaar to board of directors

LoJack Corporation, a provider of safety, security and protection for an ever-growing range of valuable assets and people, has appointed Alan L. Bazaar to its board of directors, under the agreement with Engine Capital LP, according to a GSN Magazine report.

Bazaar, 44, is chief executive officer of Hollow Brook Wealth Management in New York Citym and chairman of the board of directors of the NYSE-traded Wireless Telecom Group, Inc.

March 2015

Submitted by pcd@dmin on Tue, 03/17/2015 - 19:33

15 rules for directors on how to work with private company owners, new print edition of Private Company Director magazine (downloadable) and the Private Company Governance Summit 2015

You’ve Become One of Them

Fifteen rules for directors on how to work with owners

“You’ve become one of them.” That’s what a fellow Director (“MoneyGuy”) said to me after one of XYZ Company’s regular board meetings. MoneyGuy was from XYZ’s lead investor group and the majority shareholder. The ’them’ MoneyGuy was speaking about was XYZ’s management team. From his tone, I knew MoneyGuy wasn’t giving me a compliment; I was being admonished because I ‘sided with management’ about a particular matter that was pivotal to the future of the company.

Deloitte's Private Company Issues and Opportunities 2015 Report

​From Deloitte:  As the US economy continues to build positive momentum, it’s no surprise that private companies are adjusting their growth strategies to capitalize on a strengthening market for their goods and services. In fact, our most recent survey of mid-market executives last fall showed noticeable upticks across a broad sweep of indicators, from hiring plans to merger activity to global expansion.

The Number One Way to Destroy Your Private Company Wealth

From George Isaac via CNBC: Many privately held businesses unwittingly destroy shareholder wealth every year because of two easily reversed flaws.

First, most boards and CEOs focus only on operating entity results. They give priority to issues such as business strategies and plans, financial budgets, organizational issues and major transactions. They often select corporate ROE (return on equity) as a major metric, which is an appropriate element to consider.

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

Directors Record