5 Steps to Improve Your Board of Directors / Advisors Performance
15 Jul

5 Steps to Improve Your Board of Directors / Advisors Performance

The company is always under strategic review by the Board to improve their performance. The Board is almost never given the same challenge and it may be time for the board assessment.
The five steps include:

By-law review The corporate by-laws for…

Tips for Hiring a Non-Family CEO By a Board of Directors
11 Jul

Tips for Hiring a Non-Family CEO By a Board of Directors

The first non-family member CEO for a multigenerational company is a very big step for both the board and the family owners.
When this occurs the board needs to take their fiduciary responsibilities up another level to make sure the shareholders…

Seven Attributes For Hiring the (almost) Perfect Board Member
10 Jul

Seven Attributes For Hiring the (almost) Perfect Board Member

As you know there are no “perfect” people in the world so we focus on “almost perfect”. When you hire a new board member, knowing what to look for is critical to getting the highest value from this individual. The value…

Benefits of Conducting a National (International) Search for a New Board Member
08 Jul

Benefits of Conducting a National (International) Search for a New Board Member

Look around your board room at the next meeting and think about where your board members are located. If they all live within 50 or 100 miles from you business you are most like missing something.
Ask yourself the following questions:

Does…

Board of Advisors: Does My Company Need One?
27 Jun

Board of Advisors: Does My Company Need One?

The answer is that the company would like the inherent benefits of having a board but maybe not a board of directors. With a board of directors comes more scrutiny and oversight—and potentially more of a fiduciary responsibilities. A board…

The Key to Finding a Superstar Board Member
26 Jun

The Key to Finding a Superstar Board Member

Years ago, I was tasked with upgrading a private company’s board of directors. When I met with the Chairman of the Board, we discussed criteria for the next board member. Once that discussion was done, the Chairman said, “I want…

5 Ways a Board of Directors Can Help Companies Succeed
25 Jun

5 Ways a Board of Directors Can Help Companies Succeed

Every public, non-profit, and ESOP company and organization is required by law to have a board of directors. The primary reason is fiduciary responsibility. That is to say that a group of people outside of the company needs to ensure…

Starting a Board for a Multigenerational Family Business
24 Jun

Starting a Board for a Multigenerational Family Business

To build a board that will help both the company and the multigenerational family members start small:
Starting a Board for a Multigenerational Family Business
Often when a private company is successful beyond the founder and the children are also involved in…

How to Remove Board Members
19 Jun

How to Remove Board Members

There are several reasons why CEO’s would like to shed a board member or two at times. There are 3 primary reasons:

The person is disruptive to the effectiveness of the board
The person has served to long on the board
The person…

5 Things to Know When Selecting Board Members
17 Jun

5 Things to Know When Selecting Board Members

5 Things to Know When Selecting Board Members
Selecting board members either for the first time or to replace/add to your board is an exciting time. This is mostly because of the unknown which also makes it a really challenging task…