Private Company Director

 

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Plus, why trust is so important at a time when digital opportunities are rapidly evolving.
While employee and executive wages grow, director pay remains flat, but with a rise on the horizon.
Outside board members benefit from proper onboarding, thorough information-sharing and a comprehensive defining of roles.
Successful directors need to combine specific technical skills with general leadership chops.
Disagreements between shareholders may not be governed by fiduciary duties but could be covered by insurance.
One's birthdate does not determine whether they possess the skills to help a company succeed.
What should boards focus on to help them get better at oversight?
Despite initial doubts, Field Fastener created a fiduciary board. The company quickly reaped the benefits. 
But when communicating with executives, make sure to listen and provide value. 

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