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.

Joe Gysel Named President of Board of Directors for National Association of Water Companies

Submitted by RChakler on Mon, 10/12/2015 - 14:28

The National Association of Water Companies (NAWC) has announced the organization's new board of directors at its annual October Water Summit, naming Joe Gysel, president of EPCOR Water USA, as president of the NAWC Board of Directors, according to a Market Wired press release.

October 2015

Submitted by pcd@dmin on Fri, 10/09/2015 - 20:17

What private company CEOs want from their boards, Seth Goldman of Honest Tea, and private company governance appointments and news.

Audit Fees On the Rise for Private Companies

According to a survey conducted by the Financial Executives Research Foundation, private companies reported a median increase in audit fees of 2.0% and an average rise of 2.7

The report examines responses from 220 financial executives, and audit fees reported by SEC filers of more than 7,000 organizations.

Private companies that participated in the survey paid an average of $254,740 in audit fees, with a median of $70,000.

The Push for Microcap Companies to Go Private

According to an article on, more than 1,300 U.S.-listed public companies have less than $10 million in earnings before interest, taxes, depreciation and amortization (EBITDA).

Remaining as a public company could destroy shareholder value for these microcap companies, which typically spend $1 million to $2.5 million per year to stay public.

Mark Penn’s Private Equity Group to Buy PR Firm SKDK

Mark Penn’s private investment firm, Stagwell Group, is set to purchase SKDKnickerbocker, according to an article published on

The purchase price was not disclosed, but Stagwell has raised $250 million and may invest as much as $750 million, according to the article.

Electronifie Elects Former SEC Commissioner to Board of Directors

Submitted by RChakler on Fri, 10/09/2015 - 15:40

Electronifie, operator of an anonymous all-to-all corporate bond trading marketplace, announced that Troy Paredes, a former Commissioner of the Securities and Exchange Commission, and Max Kamhi, a successful entrepreneur and strategic investor in early stage companies, have joined the company’s Board of Directors effective immediately, according to a Business Wire press release.

Mayer Brown Launches New Guide on Cybersecurity

Mayer Brown announced that the firm launched a new guide, “Preparing For and Responding To a Computer Security Incident: Making the First 72 Hours Count,” which offers insights on how to prepare for a computer security incident and how to implement a timely, effective response.

The guide’s launch coincides with the beginning of National Security Awareness Month (NCSAM) 2015. Mayer Brown is an official Champion of NCSAM.

Women Continue to Be Under-Represented in Management Positions

According to research from The Conference Board (in collaboration with Bloomberg and GRI), women continue to be under-represented in management positions despite the push for gender equality on boards.

Data shows that women only accounted for 22% of management positions among S&P Global 1200 companies.

The analysis by region suggests companies in Asia-Pacific and Latin America showed improvement.

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

Directors Record