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Private Equity Board Seats

Today there are 3,370 public companies and 4,145 private equity firms with over 89,706 portfolio companies listed in the Private Equity Info Database. There are also over 4,000 hedge funds, 2,000 mutual funds, and 1,000 real estate investments trusts (REITs) in the United States. These entities are generally private but still generate independent board seats […]

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The Grid Board Seat Selection Method

A typical approach to the selection process for board appointment is the grid matrix. The grid functions as an easy way to identify the different areas of expertise and experience that the directors on a board lack now or will lack in the future. The grid matrix is formatted with the board’s desired backgrounds listed […]

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Boards During Coronavirus

The coronavirus outbreak has presented a number of unexpected challenges for individuals and corporations alike, and now more than ever, companies can benefit from the kind of experienced judgement that well functioning boards can provide. During these unstable times, companies will benefit most if the board can strike a balance between supporting and challenging the […]

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Board Turnover

The board of directors is responsible for the big picture management of the company, including maintaining the company strategy and cultivating positive investor relationships. Board members are responsible for chief executive succession planning, executive compensation, risk management, accounting and compliance oversight, significant transactions, and shareholder relations. Moreover, board members need to consciously maintain a strong culture for ethical conduct of […]

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What does a typical board meeting look like?

Board meetings are typically held 6-8 times per year to allow the board to discuss company strategy, hear financial reports, and discuss reports and recommendations from the executive director and any standing committees.  To begin a meeting the chair first determines if a quorum is present. Typically, if there is no established quorum then a simple majority is sufficient […]

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