Private Company Director

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News and Articles

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.
The better the introduction, the sooner the board member can make meaningful contributions.
Orienting the right people to your board bolsters retention efforts.
Know board resources and ask the right questions.
Optimize the board's time to create shareholder value.
Knowing board strengths and weaknesses adds company value.
Seasoned marketing professionals make the difference in a competitive marketplace.

Recruiting and Acclimating the Best Board Members

Orienting the right people to your board bolsters retention efforts.

Recruiting and retaining qualified board members is necessary for the health of any corporation. An effective board must include active members engaged in overseeing the management of a company. The following are guidelines to ensure you recruit and retain the best members for your board.

Tonya Mitchem Grindon is a corporate finance shareholder at Baker Donelson. She is chair of the firm’s business department and a member of its audit and finance committee, and a former member of the firm’s board of directors.

Leveraging Your Board's Contacts and Influence

Know board resources and ask the right questions.

When new directors join a board, they come equipped with tremendous experience, copious contacts and a history of helping companies grow and succeed. However valuable that may sound, it isn’t worth much if company leadership doesn’t know how to leverage what board members bring to the table.

The Power of an Effective Board Evaluation

Knowing board strengths and weaknesses adds company value.

Erin Essenmacher is a board director and strategic advisor. She spent nearly 10 years in executive leadership at the National Association of Corporate Directors, most recently as president and chief strategy officer.

Peak Board Performance: The 10 Key Ingredients

Optimize performance of both directors and the board as a whole.

The recipe for an effective board has 10 key ingredients. Five of these ingredients are for individual directors and five are for the board as a whole.

Don Yee has been a CEO or an independent board member of numerous companies, from startups to multibillion-dollar businesses. He currently serves as an independent director on the boards of Aerometals, Jake’s Finer Foods, Fat Family Restaurant Group and NACD-Northern California, where he is founding chair of NACD-Capital Valley and an NACD Board Leadership Fellow. He is also a member of the Private Company Director editorial advisory board. 

2020 Director to Watch Honored by NACD

The National Association of Corporate Directors recently selected Lynn Nowicki Clarke, who has served as an independent chair or director on the boards of more than a dozen family-held companies, as its Private Company Director of the Year. Clarke was named a Director to Watch by Private Company Director magazine in 2020. She is a frequent speaker on family business at Northwestern University’s Kellogg School of Management, the University of Pittsburgh’s Institute of Entrepreneurial Excellence, and many Family Business Transitions and Private Company Governance Summit programs.

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