Private Company Directors




News and Articles

We have all seen the data and research on how board diversity improves the bottom line.
Seven private company boards were honored for their business governance excellence at the 2021 Private Company Governance Summit June 9-11, live online.
After a year of crises and disruption, it might seem like a relief to close the books on 2020 and pretend the nightmares of a global pandemic, social unrest and economic upheaval never happened.
In her early years as CEO of Midmark Corporation, a Dayton, Ohio-based global manufacturer and supplier of medical, dental and veterinary equipment and services, Anne Eiting Klamar would set goals
This could be the year of reckoning for climate change as politicians, investors and stakeholders-at-large are pushing for big change.
As demographics in the United States become increasingly diverse, forward-thinking boards are determining ways to achieve more diversity of background, experience and thought in the boardroom.
After a challenging 2020, most companies’ leadership and boards are immersed in and fully occupied with the near-term performance of the business.
Like most family businesses, Hussey Seating had a long history of family members serving as our CEO and board chair.
In the summer of 2020, Gallup polled Americans on their confidence in U.S. institutions and, unsurprisingly, the poll showed Americans lacked confidence in almost every one.
I wonder how long we are going to refer to our present as “unprecedented” or “life-changing.”

The Year of Climate Governance: There are real steps private company boards can take in a year that may be the tipping point for the environment.

This could be the year of reckoning for climate change as politicians, investors and stakeholders-at-large are pushing for big change.

As a key ESG issue, directors need to come up the learning curve and understand the terms used to describe climate commitment, including the implications as well as the definitions.

To make informed business decisions with both fellow board members and management, directors must understand the different costs and tradeoffs of various climate commitments and how climate issues apply to their industry.


The Importance of Diversity, Equity and Inclusion on Private Company Boards: Oversight and culture can steer board efforts.

As demographics in the United States become increasingly diverse, forward-thinking boards are determining ways to achieve more diversity of background, experience and thought in the boardroom. Although private companies may face less public scrutiny than their publicly held counterparts do, private company stakeholders — including employees, suppliers and customers — continue to demand attention to diversity, equity and inclusion to address both reputational and cultural risk for the company and its workforce.


Element Analytics Inc.

Submitted by pcd@dmin on Fri, 04/16/2021 - 15:36

Element Analytics powers digitally-enabled operations for the industrial enterprise. It breaks through the data silos by bringing IT and OT data and teams together for the first time on a single solution.

Future-Proofing the Business from the Board’s Perspective: Are you asking the right questions

After a challenging 2020, most companies’ leadership and boards are immersed in and fully occupied with the near-term performance of the business. At one end of the spectrum, there’s no tomorrow if there’s no today, so coming to grips with the effect of the pandemic and making the necessary moves to survive and emerge strong is paramount. At the other end of the spectrum, some companies are dealing operationally with unprecedented demand for their products and services — a high-class problem, but nonetheless a challenge.


Hussey Seating Company: The board supported the family through the loss of their leader.

Like most family businesses, Hussey Seating had a long history of family members serving as our CEO and board chair. That all changed in the spring of 2016, when my cousin, Timothy — our sixth-generation CEO, chair of the board and leader of the family — passed at age 59 after a two-year battle with cancer. We were faced with losing the key person who ran the business, the board and the family.


Private Companies Earn the Public’s Trust

In the summer of 2020, Gallup polled Americans on their confidence in U.S. institutions and, unsurprisingly, the poll showed Americans lacked confidence in almost every one. Just 13% of those polled had a “great deal of confidence” or “quite a lot of confidence” in Congress, 40% in the Supreme Court, 18% in television news, 24% in newspapers and 32% in large technology companies.


The World Keeps Turning

I wonder how long we are going to refer to our present as “unprecedented” or “life-changing.”

Yes, those descriptions feel accurate, but what happens with the dust settles? How can we put the lessons we’ve learned into practice?

I think we already knew one of those lessons, even if many of us hadn’t had to face it for a while. Life is unpredictable. Everything can — and sometimes does — change on a dime.


Niron Magnetics

Submitted by pcd@dmin on Fri, 04/16/2021 - 14:19

Niron Magnetics manufactures the world's first rare-earth free, high performance magnets. The growth in electric vehicle (EV) amotor and wind turbine production are key demand drivers for magnets. Such applications are typically reliant solely on rare earth permanent magnets, which carry supply risks and are environmentally damaging.

The Evolution of Enterprise Governance Across Generations
The Private Company Board Compensation Summary Report 2020

Directors Record

Subscribe