Private Company Director

Interview with Charles Conn


News and Articles

Private equity boards enable directors to hone their skills without the publicity and liability that can be associated with public boards. 
The SEC’s climate proposal affects private equity firms, whether they trade on U.S. stock exchanges or not.
Boards and CEOs are most effective when they allow themselves to be open to ideas and vulnerable enough to have their own missteps corrected.
Complicating factors include inflation, interest rates and midterm election fallout.
Three questions family enterprises should ask when putting a governance model in place.
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.

Private Company Q&A: Directors vs. Management



Charles J. Bonfiglio

Board member, Consumer Electronics Association


What is your business background?

CB: My background is in the automotive aftermarket. I was 20 years old and moved down to Florida and opened a chain of Meineke Car Centers. And I started buying properties and developing the biggest Meineke Centers in the world. I became their leading franchisee and trainer on their board.

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, 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.

Directors Record