How to Know When a Small Company Should Build a Board
06 Mar

How to Know When a Small Company Should Build a Board

During his time as CEO of Hollywood Fashion Secret, Matthew Goldberg tripled his company’s revenue in five years, “The reason I wanted a board for our company is it gave me an instant access to 80-100 years of experience around…

R-I-S-K is a four-letter word for small to midsize companies
30 Aug

R-I-S-K is a four-letter word for small to midsize companies

This article was originally posted on the Star Tribune’s website. If you would like to read it there, please follow this link: R-I-S-K is a four-letter word for small to midsize companies.
Most large companies have a risk department in one form…

Board of Directors Search Firm Shares Tip About How Governance is Not Management
18 Feb

Board of Directors Search Firm Shares Tip About How Governance is Not Management

Cardinal Board Services is a board of directors search firm that helps boards in multiple ways. This week we would like to share an important rule for a board member to remember by Ken Dayton, the former CEO and Chairman…

Brutally Honest Conversation about Board Diversity with Board Members
31 Oct

Brutally Honest Conversation about Board Diversity with Board Members

This week I had two interesting conversations that with current board members about:

Board Diversity
Value of a highly functional board of directors

The board diversity conversation happened ironically after a board meeting that I attended. One of the company executives that was in…

Building a Board of Directors
15 Oct

Building a Board of Directors

Over 20 years ago I formed my first company. It was an imposing task as I had never formed a corporation or built a board of directors. I hired a lawyer and spent a significant amount of time and money “doing it…

5 Areas Every Board Member Should Focus On
17 Sep

5 Areas Every Board Member Should Focus On

Joining a board can be a rewarding experience, both personally and professionally. Sitting on a board is a great way to use your skills in other areas and share your experience.
While you are on a board you may wear many hats. In order…

Authors Write Different Ending for Amazon’s Board of Directors
16 Sep

Authors Write Different Ending for Amazon’s Board of Directors

In a recent letter by Authors United to the Amazon board of directors requested to challenge CEO Jeff Bezos to stop the “sanctioning” of Hachette author’s books. In the letter it states that the sanctions include “refusing pre-orders, delaying shipping…

The Science Behind Board Compensation
04 Sep

The Science Behind Board Compensation

When it comes to compensation for Boards almost anything goes. The variance of the amount of compensation a company gives range from $0 to $500,000+. Not only the amount of money paid annually, also the way boards are compensated.
Here are a few…

The Real Value of a Board of Advisors Role and Search
03 Sep

The Real Value of a Board of Advisors Role and Search

Often the term Board of Directors (BOD) gets confused with Board of Advisors (BOA) or just plain Board. A Board of Directors is a very specific entity. It has two main purposes:

To Hire and Fire the CEO
To approve corporate strategy

Those are…

Private Equity vs. Traditional CEO
15 Aug

Private Equity vs. Traditional CEO

Mike Lorelli is a very accomplished Board of Director Member, Chairman and CEO. He has very good insight into how CEO’s manage depending on who the owner of the business is! Below is his viewpoints about private equity vs. traditional…