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News and Articles

The SEC’s Hester Peirce addresses issues with the commission’s recent proposals.
In board meetings, be aware of who is responsible for what.
Honoring the dedication of talent is key to retention success.
Support the board by providing feedback and sharpening your listening skills.
The proper agenda is a must, but so is self-evaluation and diversity.
Just watch for conflicts of interest, and don’t meddle in the process.
Growth and talent are also major issues for private company boards. 
Winning a board position requires experience, brevity and an inviting smile.
Our new survey spotlights trends in director pay levels and offers insights into board compensation plan design.
Great board leadership means knowing your role, collaborating with management and more.

Signal Bay Inc. Appoints Oregon Research Scientist to Cannabis Laboratory Board of Directors

Submitted by pcd@dmin on Mon, 10/19/2015 - 15:10

Signal Bay, Inc. (OTC: SGBY), a provider of cannabis consulting, research, data, operations & laboratory services, announced the appointment of Dr. Anthony Smith of Medford, Oregon to the Board of Directors of its recently acquired cannabis testing facility CannAlytical Research in Bend, Oregon, according to a Business Wire press release.

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 cfo.com, 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 Politico.com.

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.

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