Tips for Joining a Board of Directors
This week the Harvard Business Review published a blog post about joining a board. I recommend starting with non-profit board that needs real board members vs. people who will be on a board if they donate to the cause. After…
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…
Target Board of Directors Chose a New CEO – The Hardest Decision for any Board
Yesterday Target announced they have hired Brian Cornell from Pepsi as their new CEO. This is the second hardest activity that a board of directors must do for a public or private company.
The first was to fire it’s long time…
The Ideal Age for Your Next Board Members
As you know there is no perfect age that a board member should be to contribute the company’s board. There is an ideal age, however, for recruiting your next board member.
The ideal age, in my opinion, is 45-60 years old…
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…
Building the Board of Directors
The board’s role
The role of the board is something that we might be forgiven for thinking requires little discussion. After all, every company has one. Because the structure is very predictable, the roles and responsibilities of the board members appear…
Why You Need to Use a Recruiter for Your Next Board of Director/Advisor
The majority of the time a company’s board either asks their current board members or CEO who do they know for the upcoming new board position the company will be pursuing. This limits the company, plain and simple.
When a company hires…
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…
Why Do I Need to Get New Board Members?
If this thought has ever crossed your mind, congratulations. If not, it should. The business world changes at an ever increasing rate and for your company to thrive in this environment it needs oversight and governance which should be regularly examined as…
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…