Board Recruitment Best Practices
A number of years ago for my birthday a friend of mine brought over 5 different vodka’s for me to try a blind taste test and select my favorite. He brought Stolichnaya, Kettle One, Grey Goose, Skyy and Belvedere. They…
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…
Board of Directors Search Results One Year Later
Part Three – The selection and results one year later
Once Cardinal Board Services presented the final three candidates to Tim Gray, the chairman of the board, and Pat Ryan, the CEO of Ryan Companies, the decision was unanimous that they…
Ryan Companies Search For a New Board Member
Part Two – The search for a new and different board member
While Ryan Companies has had a very successful history to date, the company understands that adaptability is paramount for continued growth. One of the biggest changes that occurred for…
Behind the Scenes of the Board (Nationwide Diversity) Recruitment Process
Part One – The need, desire and challenge
Companies across the nation turn to Cardinal Board Services for recruiting board members. While the board recruitment process isn’t necessarily easy, it is important for a company’s governance.
In this three-part series, we look…
Why Your Next Board Member Should not be a Man
There are not enough women that sit on a board of directors, that is a fact! The problem with this fact is most seasoned board members who have served on boards for years have a horror story regarding one woman…
Seven Reasons Why You Need a Recruiter to Help Select Your Next Board Member
Most board member positions are filled by acquaintances from current board members. Frequently they use this practice to show a vote of confidence to the current board by adding the best kind of individual that fits the board’s personality. There is a huge…
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%…