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.

Insurer Introduces Enhanced Program for Private Companies

The Hanover Insurance Group is responding to what it perceives as an increasingly volatile marketplace by enhancing its insurance company for private businesses.

The Worcester, Massachusetts-based insurer announced last week it has updated its Private Company Advantage coverage program to include seven customizable coverages for agents and clients.

They include:

Dell Opens Up On First Year as Private Company

Dell has kept quiet on its financial and business progress since exiting the stock market a year ago and not having to report to shareholders.

Celebrating its anniversary of becoming a private company, Dell decided to publish a report on its performance, which included a letter from Michael Dell, figures and video messages from key executives within the company, according to a Forbes article.

Michael Keown Appointed to Welch’s Board of Directors

Submitted by robchakler on Tue, 06/02/2015 - 16:20

Welch’s, a family-farmer owned cooperative and the leading marketer of Concord and Niagara grape-based products, announces the appointment of Michael Keown, President and CEO of Farmer Brothers, a leading manufacturer and distributor of coffee and tea products, to its Board of Directors, according to a Business Wire press release.

Women on Boards: Teeing up Talent for Your Board's Future

Click to Register

Research and recent studies continue to confirm beyond a shadow of doubt that gender diversity on the boards pays measurable dividends in company and financial performance, value, decision-making and overall corporate resilience and image. Gender diversity within the boardroom facilitates wider-ranging and demonstrably more informed discussion of risks, opportunities, and strategy at the board level.

At the same time, the embrace of diversity by directors and boards has opened up conversations about the talent pipeline for boards. The skills needed by a highly-adaptable and responsive board are changing and evolving at an ever-faster pace. Never has talent identification, early recruitment, and acquisition been more important.

 

  • How does a board identify gaps in its skillset? Are you missing a piece of the puzzle?
  • Where are the women directors of tomorrow today?
  • Are your future women board candidates the best possible choices?
  • How can a board audit its own diversity--beyond gender diversity-- with a view to finding strengths and fixing weaknesses?

Benefits

  • 60 minutes--maximum value for time
  • Completely free to attend
  • Time for questions and comments
  • All participants receive a copy of the webinar materials after the event
  • Unbiased third party director education

Sponsor

This free webinar is brought to you through the sponsorship of Diligent Board Member Services and Directors & Boards.

Women on Boards: Teeing up Talent for Your Board's Future

Join director Gabrielle Greene-Sulzberger (Whole Foods, Stage Stores), Women2Boards Founder and CEO Nancy E. Sheppard and Diligent's Jeffry Powell for a discussion on:

Women on Boards: Teeing Up Talent for Your Board’s Future

Originally broadcast June 2, 2015
(This webinar may be viewed on desktop, laptop and tablet devices.)
 

Click to Replay

p>Research and recent studies continue to confirm beyond a shadow of doubt that gender diversity on the boards pays measurable dividends in company and financial performance, value, decision-making and overall corporate resilience and image. Gender diversity within the boardroom facilitates wider-ranging and demonstrably more informed discussion of risks, opportunities, and strategy at the board level.

At the same time, the embrace of diversity by directors and boards has opened up conversations about the talent pipeline for boards. The skills needed by a highly-adaptable and responsive board are changing and evolving at an ever-faster pace. Never has talent identification, early recruitment, and acquisition been more important.

 

  • How does a board identify gaps in its skillset? Are you missing a piece of the puzzle?
  • Where are the women directors of tomorrow today?
  • Are your future women board candidates the best possible choices?
  • How can a board audit its own diversity--beyond gender diversity-- with a view to finding strengths and fixing weaknesses?
Gabrielle Greene-Sulzberger

Director, Whole Foods (WFM), Stage Stores (SSI)

Gabrielle Greene-Sulzberger has been a professional in the financial services industry for over 25 years.  Ms. Sulzberger is a General Partner of Rustic Canyon/Fontis Partners, a private equity fund based in Pasadena, California.  Prior to joining RC/Fontis, she was Chief Financial Officer of Gluecode Software, a venture-backed open source software company, which was sold to IBM in May 2005.  Previously she was CFO of Crown Services, a California based consolidation of commercial contractors.  

Before joining Crown Services, Ms. Sulzberger was a general partner of the Citigroup sponsored BE/Greenwich Street Equity Fund.  Prior to joining BE/Greenwich Street in 1998, Ms. Sulzberger was a principal of HPB Associates, a New York based hedge fund, where she invested in both public and private companies, and also served as CFO of  one of the HPB portfolio companies.  From 1992 to 1994 Ms Sulzberger was the founding managing director of the Commonwealth Enterprise Fund in Boston, a private equity fund formed by a consortium of New England Banks.  From 1987 to 1992 Ms. Sulzberger was a principal at UNC Partners in Boston, where she was responsible for private equity investments in diverse industries.   Prior to completing her graduate school education, Ms. Sulzberger worked for several years as an associate consultant at Bain & Company, a strategic management consulting firm based in Boston. 

Ms. Sulzberger received her B.A. from Princeton University in 1981, where she graduated from the Urban Studies program at the Woodrow Wilson School.  In 1987, she received her M.B.A. from Harvard Business School and J.D. from Harvard Law School.  

Ms. Sulzberger is on the board of Whole Foods (NASDAQ: WFM), where she is chairman of the audit committee and serves on the compensation committee. She is also a director of Stage Stores (NYSE: SSI), where she serves on the audit and the nominating and governance committees.  Previously Ms. Sulzberger served on the boards of IndyMac Bank, and Bright Horizons (NASDAQ: BFAM), where she served on the audit committee until the company was acquired by Bain Capital. She has served on numerous private and non-profit boards, including the Boston Children’s Museum, and the Boston Partnership, where she chaired the audit committee. She is a member of the Massachusetts State Bar, and is a Henry Crown Fellow of the Aspen Institute.  The National Association of Corporate Directors recently named Ms. Sulzberger as one of the top 100 corporate directors in their 2014 Directorship 100.  

Nancy E. Sheppard

Founder and CEO Women2Boards

Nancy E. Sheppard has management and governance experience in banking associations, financial services industry, and legislative regulatory  & political environments. Following 20+ years as President & CEO of Western Independent Bankers (WIB), a trade association serving independent banks and firms serving the financial services industry in Western U.S., she felt it was time to use her many connections for a new cause – bringing qualified women to corporate boards that need new talent.

Prior to WIB, she held two senior management positions at the California Bankers Association with overall responsibility for federal government relations, public and media affairs, and educational programs.  She moved to the Bay Area after spending six years on Capitol Hill for three separate Members of Congress as a legislative aide.

During her tenure at WIB, she promoted director education as one of the main services of the organization.  She was the main staff advisor on design of the program content, and involved in the leadership of bringing products such as board and director evaluations and online board portal services to improve governance and efficiencies for boards.

She was an inside director and on the executive committee of the WIB Board (1989-2013), a founding member of the board and corporate secretary of Western Independent Bankers Service Corporation (1994 to 2013),  and a founding director of WIB Self-Insurance Group (2005 to 2013).

She was a member of the Women’s Initiative for Self-Employment San Francisco Regional Board, from 2009-2014,  serving as Regional Chair from 2010-13.  She has been Chair of the Financial Institution Marketing Association West, and board members of the California Intermediate Banking School and the YMCA of San Francisco.

She was chosen as one of  the 100 Most Influential San Francisco Women in Business by the San Francisco Business Times in 2011, as Volunteer of the Year for the YMCA of San Francisco in 2005, and received The Award of Excellence from the Northern California Society of Association Executives in 2004.

Jeffry Powell

Executive Vice President Diligent Board Member Services

Jeffry Powell serves as Diligent Board Member Services’ Executive Vice President of Sales, where he is responsible for the development and execution of client acquisition strategies throughout the Americas. Throughout his five years with Diligent, Jeffry has advised thousands of companies across industries including banking, energy, higher education and health care on how secure, electronic access to board materials can improve organizational effectiveness and governance.

In addition to more than 15 years of sales experience, Jeffry also worked for 12 years as a founder, board member and officer of a commercial translation agency. This deep familiarity with both the sales and executive management of growing organizations has enabled him to become expert in critical governance issues. Jeff frequently contributes thought leadership and appears at both governance-related and vertical market events to discuss board portal adoption and implementation best practices. He is also a member of both the Society of Corporate Secretaries and Governance Professionals and the Canadian Society of Corporate Secretaries.

Jim Kristie

Editor and Associate Publisher, Directors & Boards

Jim Kristie is editor and associate publisher of Directors & Boards, the only major independently-owned journal of corporate governance thought leadership in North America.  He is the longest-tenured editor (at 30 years) serving this field.  In addition to his editorial duties, Jim teaches journalism at Temple University.

Benefits

  • 60 minutes--maximum value for time
  • Completely free to attend
  • Time for questions and comments
  • All participants receive a copy of the webinar materials after the event
  • Unbiased third party director education

Sponsor

This free webinar is brought to you through the sponsorship of Diligent Board Member Services and Directors & Boards.

Former Chairman of the Joint Chiefs of Staff Joins Pathway Genomics Board

Submitted by robchakler on Wed, 05/20/2015 - 17:08

Pathway Genomics Corporation, a data-driven global healthcare company and precision medicine clinical laboratory announced that the sixteenth Chairman of the Joint Chiefs of Staff, retired U.S. Marine General Peter Pace is joining the company’s Board of Directors, according to a Business Wire press release.

Private Company Q&A: B. Joseph White

[Editor's note: the following is an installment of our Private Company Director Q&A series. We will continuously update this section with responses from different directors of private companies covering a wide range of topics.]

B. Joseph White

James F. Towey Professor of Business and Leadership; President Emeritus, University of Illinois

Tell me a little about your board experience with privately-owned companies. Is/were the board(s) fully independent, partially independent? Does the board have real power?


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Directors Record

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