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Boards can help companies recover from dispute among workers.
Five ways PE funds can go from reactive to proactive on sustainability.
Know your company’s risk profile when guiding cybersecurity decisions.
Help your company overcome operational, organizational and financial risk.
Six private company boards were honored at the 2022 Private Company Governance Summit.
As part of the recent Private Company Governance Summit in Washington, D.C., attendees had an opportunity to meet with congressional represe
Diversity is more than just a societal hot-button.
Board members must follow the same cybersecurity standards as employees.
Digital transformations boost efficiency and increase revenue.
Nonprofit service can prepare directors for private company boards.

Succession Planning—What Businesses Can Do Before the Black Swan Lands

Almost a decade ago, two McDonald’s Corporation CEOs died within nine months of each other. Last year, the CEO of Deloitte Israel tragically lost his life in a plane crash. Unfortunately, such tragic events occur more often than you might think. A study conducted by the Stanford Graduate School of Business found that approximately seven CEOs of public traded companies die each year.


Supreme Court Extends SOX Whistleblower Protection to Employees of Privately Owned Companies

On March 4, the Supreme Court in Lawson v. FMR LLC held that the whistleblower protection provisions of the Sarbanes-Oxley Act of 2002 (SOX) shields not only employees of publicly traded companies, but also employees of privately held contractors and subcontractors—including investment advisers, law firms, and accounting firms—who perform work for a public company.


New Study Shows Succession-Planning Gap

A new study about CEO succession by the Stanford University Rock Center for Corporate Governance and The Institute of Executive Development (IED) shows that a large percentage of top companies are not paying enough attention to succession planning.

Private Sector Added 139,000 Jobs in February

According to a monthly jobs report from payroll-management company ADP shows that the private sector added 139,000 jobs during the month of February.

  According to Forbes.com, the results came in below the 160,000 economists expected and well below the 12-month average.

 

  Businesses with one to 49 employees added the most jobs during the month at 59,000. Medium-sized businesses with 50 to 499 employees added 35,000 and large businesses with 500 to over 1,000 employees added 44,000 jobs.

Look beyond your personal network to recruit top-level board members

One of the challenges unique to privately owned family businesses is that the longer they're around, the bigger the family gets. And in many cases, as the family grows, so does the number of shareholders.

Family businesses often pass ownership on to family members, of course, which means that by the third generation there can be a virtual sea of family shareholders. In order to satisfy the needs of everyone in the expanded ownership group, the business must grow and continue to be profitable.


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