"Lauren brings a unique perspective to the board,” says Phyllis Yale, board chair. “In addition to being a leader in health care delivery, and public health, she also brings a wealth of expertise related to health equity and the impact of social policy on child and family well-being.”
There’s a fine balance in the boardroom between building trust with the management team and making sure directors aren’t a rubberstamp for the CEO. That balance can be even trickier when it comes to private company boards.
Successful directors realize this, and in order to find governance equilibrium they focus on what’s in the best interest of the company for the long-term, especially as they try to navigate constant change.
"We are thrilled to welcome Stephanie to the Sheetz Board of Directors," said Stan Sheetz, Chairman of the Board, Sheetz, Inc. "Her vast experience in building and leading diverse, high-performing teams will bring a fresh perspective to our Board as we work to continue Sheetz's mission to provide the ultimate in convenience to our customers."
Why would a private company decide to build an independent board of directors when there is no legal or regulatory requirement to do so? The reasons are as varied as the companies themselves.
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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.
Quartet Health, a leading healthcare technology company partnering with health plans and providers to improve the integration of behavioral and medical care, today announced the appointment of Patrick Kennedy to its Board of Directors, according to a Business Wire press release.