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
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
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
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
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
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…
Board Members Fumble to Firing of CEO of Private Family Business and Everyone Suffers
Most people who serve on a board of directors feel that they are anonymous and like to keep it that way. The recent story that will not go away about the company, Market Basket, is the firing of the CEO with 49.5%…
Family Owned Company Troubles By Poorly Constructed Board of Directors
This week grocery store chain Market Basket fired long time CEO Arthur T Demoulas by the board of directors much to the dismay of the employees. Here is an example of a poorly constructed board of directors. Since Market Basket…
Which Type of Company Board Do You Have?
In looking at a variety of company’s boards for analysis there seems to be four distinct types with multiple variations.
The first one is “The Turnaround.” This is a company who is really struggling and is in a state of pivoting…
The Differences Between Serving on Public and Private Company Board of Directors
Most every person who serves on a public board also serves on a private company board, but not the other way around.
In discussing the differences with individuals who have done both they say it is similar to the differences of…