The role of the nominating and governance committee on family business boards, Q&A with director Dennis Cagan, private company director appointments and news.
News and Articles
Family Business Boards: The role of the nominating and governance committee
In a family-owned business, it’s all too easy for the family and the management to end up on opposite teams. But fortunately, a well-run board with a solid committee structure can do a lot to make sure the two groups are informed about each other’s work for the good of the business as a whole. It’s the board’s job to make sure the family has the tools and support needed to make it is the best possible partner for the business, and that management is free to do their jobs without unnecessary interference from the family.
Private Company Q&A: Dennis J. Cagan
[Editor's note: the following is the first 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.]
Dennis J. Cagan
Boards: Acorn Technologies, Copper Mobile, Prista, Heart Stories, Tavros Technology
What makes private company board service different than public company board service?
Six-of-Seven Private Companies Expect Positive Revenue Growth in 2015
In a bullish hiring outlook, 63% of private companies plan to add fulltime employees in the coming year, although they increasingly worry about a lack of qualified workers and growing wage pressure, reports PwC US’s latest Trendsetter Barometer®.
CEO of Hillman Cos. Inc. Announces Retirement
James Waters, the CEO of one of Cincinnati's largest private companies, announced his plans to retire after a 16-year career, according to the Cincinnati Business Courier.
CPLANE NETWORKS announced an expansion to the leadership team with the addition of a Mike Seashols as chairman of the board of directors, as well as new members of the Advisory Board, according to a Business Wire press release.
Seashols was the initial vice president of sales and marketing at Oracle, founder and CEO of Versant, initial CEO of Documentum, and Chairman and CEO of Evolve, all of which had successful IPOs.
Riverbed Technology Becomes a Private Company
Riverbed Technology, the application performance technology vendor, completed a deal with private equity firm Thoma Bravo for $3.5 billion, according to an eweek.com article.
Riverbed chairman and CEO Jerry Kennelly announced the deal making the company private.
Marsh Launches New Cyber Risk Assessment Solutions
Marsh recently announced the launch of Marsh Cyber Monitor and Marsh Cyber View, new cyber risk assessment services to help the risk management community effectively understand, measure, and manage their cyber risk, according to a company press release.
Serve1st Electronic Payment Solutions announced the appointment of Rear Admiral (USN retired) Wendi Carpenter as chair of its board of directors, according to a Business Wire press release.
Carpenter will be a public face for the new company, working to set a strategic trajectory for growth, establishing the important framework of governance.
KPMG has elected Lynne Doughtie to serve as its next chairman and chief executive officer for a five-year term starting July 1, according to the company’s press release.
Doughtie, 52, who currently leads KPMG’s advisory business, succeeds John Veihmeyer, who served as U.S. chairman and CEO since 2010