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
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
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?
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…
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
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
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…
7 Questions Every Potential and Current Board Member Should Ask:
Questions Every Potential and Current Board Member Should Ask
Below are seven questions that you should ask yourself prior to joining a new board or even to ask yourself if you are currently on a board. The more positive answers the…
Am I Qualified to Serve on a Board?
Being qualified to serve on a Board of Directors or Board of Advisors is a common question along with “How can I get on a Board?”
This is a very subjective topic but there are several characteristics that I see in…
The Benefits of Serving on a Board
The business world is very utilitarian…What is the Benefit! Always when a company makes an investment, produces a new product, hires a new employee, what is the benefit. The same is true when a company adds a new member to…