Private Company Directors

The Evolving Role of the Private Company Board

May 10-12, 2017 Swissotel, Chicago, Illinois

Reserve your seat at the governance conference for directors, owners, and advisors of family-owned, closely-held and private-equity owned businesses of all sizes.




Featured Speakers

Wednesday May 10, 2017

3-8 PM  Registration Open
4-5:15 PM  Preconference Session 
Lessons on Starting and Building the Private Company Board
Where do you start?  A special session for owners/shareholders of privately-owned companies who are at the early stages of designing, launching or building a fiduciary or advisory board.  The focus will be on best practices, the role of independent directors, and will feature case studies from companies that have exhibited best practices in private company governance--how they got started, how they evolved and where they are today.
Speakers:  Rajan Sheth, CEO and Chairman of the Board, Mead & Hunt Companies, Inc.; Kenneth Gorman, Senior Vice President, Power Construction Company and Chairman/CEO, Power Wellness Management LLC; Drew Everett, Chairman of the Board, Bush Brothers & Company
Moderator:  Jennifer Pendergast, Senior Consultant, The Family Business Consulting Group
5:15-5:45 PM Networking Break
5:45-7:00 PM Opening Session
Getting the Composition of the Board Right
Who should be asked to serve on your board?  Do you currently have the right mix of directors?  How do you calibrate the board to best serve a family or closely-held business, while earning buy-in from family members and shareholders?  This session will look at evaluating and expanding the skillsets and brainpower that directors bring to the private board, building collegiality without group-think, and the value that diversity (whether age, gender or ethnic) can bring.
Speakers:  Michael R. Kiolbassa, President, Kiolbassa Provision Company, Inc.; Cindy Burrell, President, Diversity in Boardrooms; David W. Juday, Director, retired Chairman, IDEAL Industries Inc.
Moderator:  Dottie Schindlinger, Vice President and Governance Technology Analyst, Diligent
7:00-9:00 PM  Networking Reception and Buffet Dinner


Thursday May 11, 2017

7:30-8:30 AM Breakfast
8:30-8:45  AM Conference Introduction
Speaker:  Deborah DeHaas, Vice Chairman, Chief Inclusion Officer, and National Managing Partner, Center for Board Effectiveness, Deloitte LLP
8:45-9:15 AM Keynote Interview
Speaker: Dennis Chookaszian, Retired Chairman and CEO, CNA Insurance Companies
Interviewed by D. Roger Nanney, Vice Chairman; National Leader, Deloitte Growth Enterprise Services, Deloitte LLP
9:15-9:30 AM Networking Break
9:30-10:30 AM Session
The Board’s Role in CEO Succession and Talent Oversight
In public companies, the board’s principal role is often to hire and fire the CEO.  In family-owned and closely-held companies, a board can take the emotion and potential negative dynamics out of internal succession for the CEO or other senior roles, and help shareholders make collegial decisions on leadership change, whether within or outside the family.  This session will also focus on the board’s role in general talent oversight and development within the company, and its impact on family employment policies and procedures.
Speakers:  Milton Pinsky, CEO, Banner Apartments LLC; Charles E. Shepard, Director, Menasha Corporation; Margaret Pederson, Vice Chair, Xamax Industries, Director, Viad Corp.
Moderator:  Damien Dwin, Co-CEO and Co-Founder, Brightwood Capital Advisors
10:30-11:00 AM Networking Break 
11:00 AM-12:00 PM Session
Funding Growth and Shareholder Liquidity
A key challenge for family-owned and closely-held companies is managing cash flow to fund both growth and adequate shareholder return.  The board can play a major role in helping the company think through its options--Private Equity, venture capital, other funding, or even an IPO.  This session will look at options that include maintaining control of the business.

Speaker:  Venita E. Fields, Partner, Pelham S2K Managers, LLC, Director, Derry Enterprises, Inc.; David Chandler, Managing Partner, Chicago Growth Partners; John Gilligan, Managing Director, BDT Capital Partners LLC.
Moderator:  Sean Kramer, Partner, Kirkland & Ellis
12:00-12:15 PM Networking Break
12:15-1:30 PM Lunch and Keynote Conversation
Speaker: Cheryl Mayberry McKissack, Chief Executive Officer, Nia Enterprises, LLC; Director, PrivateBanc Corp,, Deluxe Corporation
Interviewed by Eve Tahmincioglu, Executive Editor and Digital Director, Directors & Boards Magazine
1:30-3:00 PM Expert Briefings  (Repeated Twice)
• The Board's Role in Exponential Change, Innovation and Disruption: Tom Nassim, Senior Manager, Deloitte Consulting LLP
Private Board Basics--From No Board to a Board:  Jim McHugh, Director, Southworth International Group, Inc., Kennebec Technologies Inc. 
Family Enterprise Governance: Sara Hamilton, Founder, Family Office Exchange
Cybersecurity and the Board: Simone Petrella, Chief Cyberstrategy Officer, CyberVista
The Dynamics of Family Members on the Board: Doug Baumoel, Founding Partner, Continuity LLC
3:00-3:15 PM Networking Break
3:15-3:45 PM Workshop
How to Interview a Potential Director
A live interview with a potential director, designed to show best practices in getting the right information to make a decision.
Interviewer:  Dale Jones, President and CEO, Diversified Search
Interviewee:  Jim McHugh, Director, Southworth International Group, Inc., Kennebec Technologies Inc. 
3:45-4:45 PM Session
Risk Management and The New Volatility:  the Board’s Contribution
Balancing risk and reward requires a sophisticated view of what the board can do to help a company’s management and ownership navigate volatile times—with new laws, regulatory rollback, trade rules, and tax structures either here or coming.  This session will also look at the board’s role in cybersecurity, disaster planning, and corporate social responsibility.  
Speaker:  Joanna Peters, Founding Principal, StratConGlobal; Dennis Kessler, Director, SWANK Motion Pictures, O’Neil Industries and QuesTek Innovations; Adela Cepeda, Managing Director, PFM Financial Advisors LLC; Director, UBS Funds, Mercer Mutual Funds, BMO Financial Corp.
Moderator:  Simone Petrella, Chief Cyberstrategy Officer, CyberVista
6:00-9:00 PM  Group Dinner and Private Company Board of the Year Award
The Signature Room at the 95th, John Hancock Tower

Friday May 12, 2017

8:00-9:00 AM Breakfast
9:00-9:45 AM  Keynote Interview
Speaker: Andrew J. McKenna, Chairman Emeritus, Schwarz Supply Source and McDonald's Corporation
Interviewed by David Shaw, Editor and Publishing Director, Private Company Director Magazine
9:45-10:30 AM  Workshop
Improving the Board
You have a board—make sure it’s the best it can be for the business and shareholders it serves. This workshop session will address ways in which family-owned and closely-held companies have improved their existing boards, whether through changes in board membership, better board preparation and processes, development of committees, and more.
Session Leader:  Maureen Bujno, Managing Director, Center for Board Effectiveness, Deloitte LLP
10:30-10:45 AM Networking Break
10:45-11:45 AM Session
Board Compensation:  What and how much?
The biggest question on the minds of most owners and shareholders is: What do we pay directors?  While there remains no national benchmark for director compensation (as there is with the filings of public companies), this session will bring together new data from Directors & Boards Magazine and other sources, to provide guidance for companies and directors on cash and non-cash compensation programs for internal and independent directors.
Speaker:  Paul C. Darley, Chairman, CEO and President, W.S. Darley & Co.; Gail Lione, Senior Counsel, Dentons; Director, Badger Meter, Sargento Foods, F. Dohmen Company
Moderator:  Daniel Moynihan, Partner, Korn Ferry Hay Group
11:45 AM  Conference Summary and Close

About Conference

Directors & Boards, Family Business Magazine and Private Company Director invite owners, shareholders and board members of privately-held companies to the Private Company Governance Summit 2017, May 10-12, 2017 at the Swissotel, Chicago, IL.. The Private Company Governance Summit, now in its fifth year, is the only national conference focused exclusively on the unique governance challenges of privately-owned businesses, including closely-held companies, family-owned companies and private equity-owned companies. Session topics include: * Getting Board Composition Right * The Board's Role in CEO Succession and Talent Oversight * Board Compensation: What and How Much? * CyInterviewing Potential Directors * Risk Management and the New Volatility * Funding Growth and Shareholder Liquidity Featuring: * Panel discussions with serving directors sharing real-world experiences * Expert Briefings on: o Dealing with Related Party Transactions/Conflicts of Interest o Private Board Basics--From No Board to a Board o The Family Council/Family Governance Interface o Onboarding Independent Non-Family Directors o Dealing with Non-Performing Directors o Cybersecurity and the Board o The Dynamics of Family Members on the Board o Private Board Committees * Maximum value for your time * Intimate environment for networking and benchmarking * Collaborative discussion sessions on important private company governance issues

Confirmed Speakers

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