Tag Archives: Boards

Is Good Governance a Waste of Time?

OK, let’s just admit that productive people almost universally hate meetings – “what we do instead of doing something” is the frequent sentiment expressed to me.  So, too often, the required meetings of corporate boards are simply “formalities” or sometimes … Continue reading

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The Board’s Role in Strategic Development

Most organizations with fiduciary boards have a tradition of management presenting a prepared strategic plan to the board for approval. Management’s role has been to complete the plan before discussing it with the board. There is a clear distinction (and … Continue reading

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How do you Identify Important Director Attributes for Your Board?

When you sit down with your existing board and/or management to discuss what you are looking for in a new director, it’s likely that you create a list of skills and experiences that you feel a director should possess in … Continue reading

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Great boards do exist!

In our work we sometimes come across a board that is working exceptionally well and adding substantial value (both financial and organizational) to the business and for the shareholders. I have been fortunate to work with a number of such … Continue reading

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Creating Group Norms

The decision making structure of a family business can be very complicated. Decisions are often made at the family level, the board level and the business level.  Most decision- making groups spend their time focusing on the decisions that needs … Continue reading

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The Benefit of Sharing with Other Families

Recently, I have noticed a trend towards more benchmarking across family businesses.  A number of clients have requested that we introduce them to families with similar issues.  While they value consultant expertise, they really enjoy meeting one on one with … Continue reading

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What good are boards?

Recently one of the national business news programs asked its audience to call in to vote on whether public company boards are worthwhile or worthless. Commentary suggested that in many cases public company boards were headed by CEOs who were … Continue reading

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Return on Board Investment

Recently one of the national business news programs asked its audience to call in to vote on whether public company boards are worthwhile or worthless. Commentary suggested that in many cases public company boards were headed by CEOs who were … Continue reading

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SIZE OF BOARD?

Recent research noted in HBR (Jan-Feb 2011) says: “Seven people is the optimal size of a decision-making group. Each additional member reduces effectiveness by 10%.” We find this good advice to families as they design their boards and their family … Continue reading

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Do Good Board Candidates Find Your Business Attractive?

This is a follow-up to the October issue of the Family Business Advisor, which presents the non-strategic value of directors. We are often so focused on finding “the best” director candidates, that not a lot of thought is given to … Continue reading

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