Board Members Fumble to Firing of CEO of Private Family Business and Everyone Suffers
12 Aug

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
05 Aug

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?
30 Jul

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
22 Jul

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…

Is Your Board of Directors / Advisors More Ceremonial, Liberated or Progressive?
16 Jul

Is Your Board of Directors / Advisors More Ceremonial, Liberated or Progressive?

Boards around the world have evolved greatly over the centuries. There are even Personal Board of Directors. Some non-profits have a board of over 50 people and other private companies have three board members. No matter the size of the…

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…

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…

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…

MVD – Most Valuable Director
07 Oct

MVD – Most Valuable Director

In looking at your board members, how do you evaluate their value to the business? Having a room full of Most Valuable Directors (MVD’s as we like to call them) will lead to success.  The first thing is to determine…

Squandered Opportunity!
16 Sep

Squandered Opportunity!

In the local paper today there was an article in the business section about a local tech company that was sold for a fraction of its former value.  All I could think was, what a squandered opportunity!  This instance could…