The Private Directors Association (PDA) put on a really good virtual session this week on the subject of evaluating the directors of a privately owned company. Their thoughts and ideas apply more broadly than the topic might suggest – they are applicable to advisory...
I picked a book out of my library today, written by a successful executive and former basketball player under John Wooden, the GOAT of college basketball coaches. He quoted some of Wooden’s favorite trade secret phrases – he apparently had dozens of them. I think some...
That expression will be familiar to readers who have served on boards of directors or have had some board governance training. They will agree with it or not, often largely depending on their financial involvement. I was reminded of this axiom while reading a post...
This topic was the basis of an article written for the AICPA’s Financial Management magazine, and since they paid for it I promised not to publish it anywhere else. But they’d love for me to share a link to their publication, a win-win-win (the last one is...
Management teams often disagree on key issues affecting the business, based on their own view of what’s working and what’s not. If a consensus is desired, that leaves it to the CEO to consider those views and set the best course of action. But what if it’s not clear...
