Private Company Director

 

News and Articles

When interviewing board candidates who have served in the military, be aware of potential biases and know the right questions to ask. 
Directors should be involved in both the development and the implementation of incentive plans for their companies. 
Beware not only of “hallucinations,” but inadvertent disclosure of proprietary info and copyright protection as well.
Private company boards must work to solidify their operations around sustainability.
Plus, valuable insights on climate change, board culture and more.
Private companies that do business with public ones must pay close attention to the SEC’s ESG enforcement agenda.
Owners may not like talking about their exit, but by helping them do so, boards can ensure the long-term health of their businesses. 
Key steps toward evaluating your organization for public company status in 2023 and beyond.
Plus, why trust is so important at a time when digital opportunities are rapidly evolving.
While employee and executive wages grow, director pay remains flat, but with a rise on the horizon.

RealtyMogul.com Adds Steve Ozonian to Board of Directors

Submitted by pcd@dmin on Tue, 08/25/2015 - 10:08

RealtyMogul.com, the online marketplace for real estate investing, has named Steve Ozonian to its board of directors, according to a Business Wire press release.

This comes on the heels of the company’s announcement that it has raised a $35 million Series B financing round led by Sorenson Capital with additional funding from Canaan Partners.

Former Southwest Airlines CFO Joins Board of Daseke Inc.

Submitted by pcd@dmin on Tue, 08/25/2015 - 10:07

Daseke Inc., the largest owner of flatbed, open-deck and specialized trucking equipment in North America, has elected transportation-industry veteran Laura H. Wright to its board of directors, according to a Business Wire press release.

Wright is the retired chief financial officer of Southwest Airlines Co., serving in that position and as senior vice president of finance from 2004 through September 2012. She spent 25 years with the company.

Why Should you Join a Board? A Q&A with Robert Tercek

Robert Tercek

Chairman of the Board, Creative Visions Foundation;

Author of “VAPORIZED: Solid strategies for success in a dematerialized world”

Spent a 25-year career serving as an executive for MTV, Sony and OWN, and as an entrepreneur in disruptive startup ventures.

 

What board do you currently sit on?


What are the Fastest Growing Private Companies in America?

Inc. Magazine has released its 34th annual Inc. 500 list, an exclusive ranking of the nation's fastest-growing private companies in America.

Each year Inc. publishes its findings on the up-and-coming private companies. This year, a telecommunications company, Ultra Mobile, finds itself on the top of list while a couple of financial services and advertising and marketing companies help round out the top 10.

Here are the top-growing companies at a glance:


8 Lessons Learned from Private Company Board Searches

I work with closely-held and family-owned companies across multiple markets with a broad range of management sophistication.  Over the last 25 years of succession and governance consulting, I have helped boards find directors. Independent director positions are hard to fill.  Private company shareholders usually develop their own list of candidates, using key advisors, associations and friends.  A search process typically involves people they personally know.

My lessons below are from working with their process to help them.


Rick Schwartz Steps Down as WinWholeSale Inc. CEO

Rick Schwartz, CEO and chairman of WinWhosale Inc., one of the largest private companies in Dayton, Ohio, is stepping down as chief executive, according to Biz Journal.

Schwartz spent 17 years in that role and will still serve as chairman of the company’s board.

Jack Johnston, president of WinWholeSale Inc. since 2011, is now serving as the new CEO. He becomes just the third CEO in the history of the company, which was founded in 1956. 

Directors Record

Subscribe