Whether you are considering forming a board or want to enhance existing governance practices, understanding the role of the board and expectations of directors is an essential ingredient to successful, value-added governance in private companies. Company leaders and board directors often struggle to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success. We will cover the definition of a board, typical expectations of a director, board oversight vs. management responsibilities, and many other basics of board formation and operation.
Part of the webinar series:
BOARD OF DIRECTORS BOOT CAMP 2022
See more at https://www.financialpoise.com/webinars/
Whether you are considering forming a board or want to enhance existing governance practices, understanding the role of the board and expectations of directors is an essential ingredient to successful, value-added governance in private companies. Company leaders and board directors often struggle to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success. We will cover the definition of a board, typical expectations of a director, board oversight vs. management responsibilities, and many other basics of board formation and operation.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
Roles & Responsibilities: A Primer (Series: Board of Directors Boot Camp 2020...Financial Poise
Private company owners, including family businesses, ESOPs, and private equity owners, often have different expectations for their boards than is common in publicly traded firms. Besides being much less encumbered by regulatory compliance, many private firms are looking for a completely different kind of engagement from directors. In companies with new boards, leaders and directors often struggle early on to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/roles-responsibilities-a-primer-2020/
The success of the board relies on the individual contribution, expertise, and behavior of its directors. During this program, we talk about the role of the director, the critical attributes of a strong director, the role of the Board and Committee chairs, and common opportunities and challenges for boards and board members. Through sharing examples from our expert group of panelists, we look at what is expected of directors from ownership and management to help highly effective directors meet or exceed those expectations and make a meaningful contribution to the company’s success.
Part of the webinar series:
BOARD OF DIRECTORS BOOT CAMP 2022
See more at https://www.financialpoise.com/webinars/
The Effective Director (Series: Board of Directors Boot Camp 2020) Financial Poise
While we think of a board as a functioning entity, much of the success of the board relies on the individual behavior of its directors. During this program, we talk about some of the productive and problematic behavior that can show up in the boardroom, and the effect that it can have on board effectiveness. We look at what’s expected of directors from ownership and management, and share examples of the ways that a highly effective director can help to meet or exceed those expectations and make a meaningful contribution to the company’s success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-director-2020/
The success of the board relies on the individual contribution, expertise, and behavior of its directors. During this program, we talk about the role of the director, the critical attributes of a strong director, the role of the Board and Committee chairs, and common opportunities and challenges for boards and board members. Through sharing examples from our expert group of panelists, we look at what is expected of directors from ownership and management to help highly effective directors meet or exceed those expectations and make a meaningful contribution to the company’s success.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
The Role of the Board in a Private Company (Series: Board of Directors Boot C...Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/the-role-of-the-board-in-a-private-company/
Private company owners, including family businesses, ESOPs, and private equity owners, often have different expectations for their boards than is common in publicly traded firms. Besides being much less encumbered by regulatory compliance, many private firms are looking for a completely different kind of engagement from directors. In companies with new boards, leaders and directors often struggle early on to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success.
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which founders must make is the selection of a legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect turf by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that founders need to get right. This webinar provides an overview of these topics and shares some best practices with regard to them.
Part of the webinar series: THE START-UP / SMALL BUSINESS ADVISOR 2022
See more at https://www.financialpoise.com/webinars/
Whether you are considering forming a board or want to enhance existing governance practices, understanding the role of the board and expectations of directors is an essential ingredient to successful, value-added governance in private companies. Company leaders and board directors often struggle to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success. We will cover the definition of a board, typical expectations of a director, board oversight vs. management responsibilities, and many other basics of board formation and operation.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
Roles & Responsibilities: A Primer (Series: Board of Directors Boot Camp 2020...Financial Poise
Private company owners, including family businesses, ESOPs, and private equity owners, often have different expectations for their boards than is common in publicly traded firms. Besides being much less encumbered by regulatory compliance, many private firms are looking for a completely different kind of engagement from directors. In companies with new boards, leaders and directors often struggle early on to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/roles-responsibilities-a-primer-2020/
The success of the board relies on the individual contribution, expertise, and behavior of its directors. During this program, we talk about the role of the director, the critical attributes of a strong director, the role of the Board and Committee chairs, and common opportunities and challenges for boards and board members. Through sharing examples from our expert group of panelists, we look at what is expected of directors from ownership and management to help highly effective directors meet or exceed those expectations and make a meaningful contribution to the company’s success.
Part of the webinar series:
BOARD OF DIRECTORS BOOT CAMP 2022
See more at https://www.financialpoise.com/webinars/
The Effective Director (Series: Board of Directors Boot Camp 2020) Financial Poise
While we think of a board as a functioning entity, much of the success of the board relies on the individual behavior of its directors. During this program, we talk about some of the productive and problematic behavior that can show up in the boardroom, and the effect that it can have on board effectiveness. We look at what’s expected of directors from ownership and management, and share examples of the ways that a highly effective director can help to meet or exceed those expectations and make a meaningful contribution to the company’s success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-director-2020/
The success of the board relies on the individual contribution, expertise, and behavior of its directors. During this program, we talk about the role of the director, the critical attributes of a strong director, the role of the Board and Committee chairs, and common opportunities and challenges for boards and board members. Through sharing examples from our expert group of panelists, we look at what is expected of directors from ownership and management to help highly effective directors meet or exceed those expectations and make a meaningful contribution to the company’s success.
Part of the webinar series: Board of Directors Boot Camp 2021.
See more at https://www.financialpoise.com/webinars/
The Role of the Board in a Private Company (Series: Board of Directors Boot C...Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/the-role-of-the-board-in-a-private-company/
Private company owners, including family businesses, ESOPs, and private equity owners, often have different expectations for their boards than is common in publicly traded firms. Besides being much less encumbered by regulatory compliance, many private firms are looking for a completely different kind of engagement from directors. In companies with new boards, leaders and directors often struggle early on to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success.
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which founders must make is the selection of a legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect turf by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that founders need to get right. This webinar provides an overview of these topics and shares some best practices with regard to them.
Part of the webinar series: THE START-UP / SMALL BUSINESS ADVISOR 2022
See more at https://www.financialpoise.com/webinars/
Why SME’s Need Assistance with Governance
What are the Benefits for SME’s when they create better Governance Structures
CEO’s or Founders need to get over the control aspects of their Board
Family Businesses vs. Private Corporations
Advisory Board vs. Board of Directors
The Five Best Governance Recommendations for a Private Corporation
Discuss experiences from the field
The Challenges for Consultants when Marketing and Engaging with SMEs
Best Practises in Contracting with SME’s
Common Issues and Strategies in Business Breakups Financial Poise
As any entrepreneur will attest, starting and operating a business comes with unique challenges. These challenges are a key reason that, by some estimates, half of the companies that are founded today will not exist four years from now. It can be argued that the effort and attention needed to find success precludes business owners from planning for failure. This webinar focuses on the realities of a failing business from the owners’ perspective. Join our panel of experts as they discuss the various considerations that should be given at the outset of start-up negotiations and through business breakup, including dispute negotiation and litigation.
Part of the webinar series: COMPLEX FINANCIAL LITIGATION 2022
See more at https://www.financialpoise.com/webinars/
Running a productive and energized board meeting takes time and effort. Harnessing the expertise of board members while meeting the needs of the company is a balance that must be continually recalibrated by the board and company leadership. In this session, we will cover the process to achieve effective board practices ranging from board meeting formulation and preparation, board meeting execution and facilitation, and post-board meeting follow-up. The social aspects of a board will also be discussed – how to create engagement, teamwork, and camaraderie among board members to maximize their contribution. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time.
Part of the webinar series:
BOARD OF DIRECTORS BOOT CAMP 2022
See more at https://www.financialpoise.com/webinars/
What Every Founder/Entrepeneur Must Know (Series: The Start-Up/Small Business...Financial Poise
Congratulations. You are a founder of a company and you have just been given an hour to ask several experts anything you want about the subject. Some questions will certainly focus on IP, since intellectual property is so important to so many businesses. Some questions will touch on outsourcing- perhaps of manufacturing, perhaps of certain other functions. Formation, capital raising, and HR are also fair game. And since the panel includes two attorneys, you can be sure that the conversation will cover both the business and legal aspects of the various topics discussed. The panel will also discuss planning for incremental growth; and, while pandemic continues, the availability of PPP loans and governmental assistance.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/what-every-founder-entrepreneur-must-know-2021/
Turning an Idea or Product into a Business (Series: Business Advice - From St...Financial Poise
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which Founders must make is the selection of legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect intellectual property by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that Founders may need assistance with. This webinar provides an overview of these topics and shares some best practices with regard to them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/turning-an-idea-or-product-into-a-business-2021/
Thoughts on Board of Directors, Advisors and Consultants for start-ups. What should be the composition? What should be the engagement model? How to get the most out of them? What is expected in return? *** Note: this is not, in any way, a legal document or a document that reflects on laws in the US or in other countries ***
The Effective Board (Series: Board of Directors Boot Camp)Financial Poise
Running a productive and energized board meeting takes time and effort. Harnessing the expertise of board members while meeting the needs of the company is a balance that must be continually recalibrated by the board and company leadership. In this session, we will cover the process to achieve effective board practices ranging from board meeting formulation and preparation, board meeting execution and facilitation, and post-board meeting follow-up. The social aspects of a board will also be discussed – how to create engagement, teamwork, and camaraderie among board members to maximize their contribution. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-board-2021/
The Effective Board (Series: Board of Directors Boot Camp 2020) Financial Poise
All of us have had experiences of meetings that were painful to participate in. Lack of preparation, ineffective facilitation, or inability to move decisions forward can all lead to an ineffective board. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time. In this discussion, we share practices that happen in real boardrooms that help equip directors to participate and lead to energized and productive debate that feeds the company’s success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-board-2020/
Managing Director of Avalon Ventures, Brady Bohrmann, shares powerful insights to build an effective board of directors, how to choose your board members, how to run an effective meeting and more.
By David F. Larcker and Brian Tayan, Stanford Closer Look Series, December 3, 2018
Companies are required to have a reliable system of corporate governance in place at the time of IPO in order to protect the interests of public company investors and stakeholders. Yet, relatively little is known about the process by which they implement one. This Closer Look, based on detailed data from a sample of pre-IPO companies, examines the process by which companies go from essentially having no governance in place at the time of their founding to the fully established systems of governance required of public companies by the Securities and Exchange Commission. We examine the vastly different choices that companies make in deciding when and how to implement these standards.
We ask:
• What factors do CEOs and founders take into account in determining how to implement governance systems?
• Should regulators allow companies greater flexibility to tailor their governance systems to their specific needs?
• Which elements of governance add to business performance and which are done only for regulatory purposes?
• How much value does good governance add to a company’s overall valuation?
• When should small or medium sized companies that intend to remain private implement a governance system?
IP-301 POST-GRANT REVIEW TRIALS 2022 - Things to Consider Before You FileFinancial Poise
This segment will delve into considerations that come into play when filing or responding to post-grant review proceedings. These considerations include issues of real party in interest, timing, and substantive arguments.
Part of the webinar series: IP-301 POST-GRANT REVIEW TRIALS 2022
See more at https://www.financialpoise.com/webinars/
This segment will discuss the statutory and procedural background of post-grant review proceedings. It will discuss the types of proceedings available and provide a high-level discussion of how the proceedings are conducted.
Part of the webinar series:
IP-301 POST-GRANT REVIEW TRIALS 2022
See more at https://www.financialpoise.com/webinars/
Why SME’s Need Assistance with Governance
What are the Benefits for SME’s when they create better Governance Structures
CEO’s or Founders need to get over the control aspects of their Board
Family Businesses vs. Private Corporations
Advisory Board vs. Board of Directors
The Five Best Governance Recommendations for a Private Corporation
Discuss experiences from the field
The Challenges for Consultants when Marketing and Engaging with SMEs
Best Practises in Contracting with SME’s
Common Issues and Strategies in Business Breakups Financial Poise
As any entrepreneur will attest, starting and operating a business comes with unique challenges. These challenges are a key reason that, by some estimates, half of the companies that are founded today will not exist four years from now. It can be argued that the effort and attention needed to find success precludes business owners from planning for failure. This webinar focuses on the realities of a failing business from the owners’ perspective. Join our panel of experts as they discuss the various considerations that should be given at the outset of start-up negotiations and through business breakup, including dispute negotiation and litigation.
Part of the webinar series: COMPLEX FINANCIAL LITIGATION 2022
See more at https://www.financialpoise.com/webinars/
Running a productive and energized board meeting takes time and effort. Harnessing the expertise of board members while meeting the needs of the company is a balance that must be continually recalibrated by the board and company leadership. In this session, we will cover the process to achieve effective board practices ranging from board meeting formulation and preparation, board meeting execution and facilitation, and post-board meeting follow-up. The social aspects of a board will also be discussed – how to create engagement, teamwork, and camaraderie among board members to maximize their contribution. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time.
Part of the webinar series:
BOARD OF DIRECTORS BOOT CAMP 2022
See more at https://www.financialpoise.com/webinars/
What Every Founder/Entrepeneur Must Know (Series: The Start-Up/Small Business...Financial Poise
Congratulations. You are a founder of a company and you have just been given an hour to ask several experts anything you want about the subject. Some questions will certainly focus on IP, since intellectual property is so important to so many businesses. Some questions will touch on outsourcing- perhaps of manufacturing, perhaps of certain other functions. Formation, capital raising, and HR are also fair game. And since the panel includes two attorneys, you can be sure that the conversation will cover both the business and legal aspects of the various topics discussed. The panel will also discuss planning for incremental growth; and, while pandemic continues, the availability of PPP loans and governmental assistance.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/what-every-founder-entrepreneur-must-know-2021/
Turning an Idea or Product into a Business (Series: Business Advice - From St...Financial Poise
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which Founders must make is the selection of legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect intellectual property by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that Founders may need assistance with. This webinar provides an overview of these topics and shares some best practices with regard to them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/turning-an-idea-or-product-into-a-business-2021/
Thoughts on Board of Directors, Advisors and Consultants for start-ups. What should be the composition? What should be the engagement model? How to get the most out of them? What is expected in return? *** Note: this is not, in any way, a legal document or a document that reflects on laws in the US or in other countries ***
The Effective Board (Series: Board of Directors Boot Camp)Financial Poise
Running a productive and energized board meeting takes time and effort. Harnessing the expertise of board members while meeting the needs of the company is a balance that must be continually recalibrated by the board and company leadership. In this session, we will cover the process to achieve effective board practices ranging from board meeting formulation and preparation, board meeting execution and facilitation, and post-board meeting follow-up. The social aspects of a board will also be discussed – how to create engagement, teamwork, and camaraderie among board members to maximize their contribution. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-board-2021/
The Effective Board (Series: Board of Directors Boot Camp 2020) Financial Poise
All of us have had experiences of meetings that were painful to participate in. Lack of preparation, ineffective facilitation, or inability to move decisions forward can all lead to an ineffective board. With boards charged with a company’s most important strategic matters, no company can afford to waste valuable meeting time. In this discussion, we share practices that happen in real boardrooms that help equip directors to participate and lead to energized and productive debate that feeds the company’s success.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/the-effective-board-2020/
Managing Director of Avalon Ventures, Brady Bohrmann, shares powerful insights to build an effective board of directors, how to choose your board members, how to run an effective meeting and more.
By David F. Larcker and Brian Tayan, Stanford Closer Look Series, December 3, 2018
Companies are required to have a reliable system of corporate governance in place at the time of IPO in order to protect the interests of public company investors and stakeholders. Yet, relatively little is known about the process by which they implement one. This Closer Look, based on detailed data from a sample of pre-IPO companies, examines the process by which companies go from essentially having no governance in place at the time of their founding to the fully established systems of governance required of public companies by the Securities and Exchange Commission. We examine the vastly different choices that companies make in deciding when and how to implement these standards.
We ask:
• What factors do CEOs and founders take into account in determining how to implement governance systems?
• Should regulators allow companies greater flexibility to tailor their governance systems to their specific needs?
• Which elements of governance add to business performance and which are done only for regulatory purposes?
• How much value does good governance add to a company’s overall valuation?
• When should small or medium sized companies that intend to remain private implement a governance system?
IP-301 POST-GRANT REVIEW TRIALS 2022 - Things to Consider Before You FileFinancial Poise
This segment will delve into considerations that come into play when filing or responding to post-grant review proceedings. These considerations include issues of real party in interest, timing, and substantive arguments.
Part of the webinar series: IP-301 POST-GRANT REVIEW TRIALS 2022
See more at https://www.financialpoise.com/webinars/
This segment will discuss the statutory and procedural background of post-grant review proceedings. It will discuss the types of proceedings available and provide a high-level discussion of how the proceedings are conducted.
Part of the webinar series:
IP-301 POST-GRANT REVIEW TRIALS 2022
See more at https://www.financialpoise.com/webinars/
THE NUTS & BOLTS OF BANKRUPTCY LAW 2022: The Nuts & Bolts of a First Day HearingFinancial Poise
Even when a bankruptcy petition is the result of a soft-landing rather than a freefall, filing a chapter 11 petition is a disruptive event. To facilitate the debtor’s entry into chapter 11 with as little disruption as possible, first day motions are filed to ensure that a debtor-in-possession can minimize interruptions and continue operating its business in order to achieve its goals in chapter 11. This webinar provides an overview of the administrative and operational first day motions typically filed by chapter 11 debtors and the process for requesting a first day hearing, providing notice of the hearing, and ensuring that the hearing runs smoothly.
Part of the webinar series: THE NUTS & BOLTS OF BANKRUPTCY LAW 2022
See more at https://www.financialpoise.com/webinars/
RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2022: Bad Debtor Owes Me Money!Financial Poise
Sometimes it begins when a client, tenant, or customer starts to slow-pay, with the result that your accounts receivable start to accrue gradually. Other times the issue presents itself more suddenly. Either way, you find your company owed a great deal of money that looks like it may not be collected because your client/tenant/customer has filed bankruptcy, has commenced an assignment for the benefit of creditors, has been put into receivership, or is otherwise just plain insolvent. What do you do? What should you not do? The topics discussed in this webinar include the pros and cons of putting a counterparty into involuntary bankruptcy; when and how you may be able to pursue third parties (like guarantors, directors, or officers) for the amount owed; risks related to preference attack; pros and cons of sitting on a “creditors’ committee” in a Chapter 11; how to negotiate for “critical vendor” protection in Chapter 11; and practical guidance for continuing to provide goods or services to an insolvent counterparty.
Part of the webinar series: RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2022
See more at https://www.financialpoise.com/webinars/
We’ve all long heard about writing practices to avoid, including run-on sentences, excessive passive voice, and nominalization. This webinar not only discusses how those habits can damage briefs, but also explores a key habit brief-writers should embrace: using strong, precise verbs, which are the engine of a persuasive sentence. Panelists also exchange views about finding the most persuasive voice and tone, as well as the right temperature for rhetoric.
Part of the webinar series: PERSUASIVE BRIEF WRITING 2022
See more at https://www.financialpoise.com/webinars/
CYBER SECURITY and DATA PRIVACY 2022: Data Breach Response - Before and After...Financial Poise
You’ve received the dreaded call that your company has just suffered a data breach – what do you do next? Who do you call for help? What notification obligations do you have?
With proper preparation, you can mitigate the damage caused by this unfortunate event and put your business in a position to recover. Your company may have already implemented its information security program and identified the responsible parties, including applicable outside experts, to be contacted in the event of a breach. However, now you must call up your incident response team to investigate the extent of the breach, evaluate the possible damage to your company, and determine whether you must notify your clients, customers, or the public of the breach. This webinar will help prepare you to take action when the worst happens.
Part of the webinar series:
CYBER SECURITY and DATA PRIVACY 2022
See more at https://www.financialpoise.com/webinars/
CYBER SECURITY and DATA PRIVACY 2022_How to Build and Implement your Company'...Financial Poise
Data is one of your business’s most valuable assets and requires protection like any other asset. How can you protect your data from unauthorized access or inadvertent disclosure?
An information security program is designed to protect the confidentiality, integrity, and availability of your company’s data and information technology assets. Federal, state, or international law may also require your business to have an information security program in place.
This webinar will provide the basics of how to create and implement an information security program, beginning with identifying your incident response team, putting applicable insurance policies into place, and closing any gaps in the security of your data.
Part of the webinar series:
CYBERSECURITY & DATA PRIVACY 2022
See more at https://www.financialpoise.com/webinars/
NEWBIE LITIGATOR SCHOOL - 101 Part 3 2022 - Enforcement: Post-Judgment Procee...Financial Poise
Obtaining a final and enforceable judgment is often just the first phase of the civil litigation process; without effective enforcement and collection, a judgment is merely a piece of paper (or electronic docket entry). This webinar provides an overview of the technical, procedural and strategic considerations necessary to monetize judgments and make litigation worthwhile.
Part of the webinar series: NEWBIE LITIGATOR SCHOOL - 101 Part 3 2022
See more at https://www.financialpoise.com/webinars/
NEWBIE LITIGATOR SCHOOL - 101 Part 3 2022 -Appellate Practice- 101 Financial Poise
When is an appeal permitted and when should you take one? What rules and procedures govern appellate practice and how can you best avoid technical and procedural mistakes. How are appellate briefs different from those filed with the trial court and what are some keys to making them successful? And how can you best prepare for appellate oral argument? This webinar explores these questions and more with a panel of experienced appellate litigators.
Part of the webinar series: NEWBIE LITIGATOR SCHOOL - 101 Part 3 2022
See more at https://www.financialpoise.com/webinars/
MARKETING TIPS FOR THE NEW (OR OLD!) BUSINESS OWNER 2022: Learn How to Do Con...Financial Poise
There's creating content; then there's creating great content; and then there's creating great content that actually gets seen by the ideal audience. Each of those layers has its own unique challenges. In this webinar episode, we share insights from a variety of highly experienced content creators. Each panelist member provides their own unique spin on how to create great content that gets seen by the intended audience. By the completion of this episode, the audience member will have a clear and actionable plan on how to create outstanding content that meets their unique marketing needs.
Part of the webinar series: MARKETING TIPS FOR THE NEW (OR OLD!) BUSINESS OWNER 2022
See more at https://www.financialpoise.com/webinars/
CHAPTER 11 - INDUSTRY FOCUS 2022 - Focus on Oil and Gas Financial Poise
Although issues in oil and gas chapter 11 cases vary from case to case, there are, nonetheless, certain issues that tend to arise in most oil and gas cases. Among them: treatment of oil and gas leases, the payment of royalties, hedging agreements, and valuation. This webinar addresses such issues.
Part of the webinar series: CHAPTER 11 - INDUSTRY FOCUS 2022
See more at https://www.financialpoise.com/webinars/
BUSINESS LAW REVIEW- 2022: Selling a Business Financial Poise
A Startup is the Founders’ baby - they dream it, created it and worked tirelessly to make it successful. Deciding it may be time to sell all or part is the easy part - acknowledging and addressing the financial and emotional issues can be challenging.
Negotiating with potential buyers or investors is time intensive, to say the least. Positioning a business for a value maximizing transaction requires planning. What professionals need to be engaged? How do the parties come to a valuation? What is the profile of the likely investor or buyer? These are just some of the questions this webinar addresses.
Part of the webinar series: BUSINESS LAW REVIEW- 2022
See more at https://www.financialpoise.com/webinars/
BUSINESS LAW REVIEW- 2022: Immigration Law for Business-101Financial Poise
A basic understanding of immigration law is critical to a vast array of businesses operating in today’s economy. Foreign employees and their sponsoring companies will navigate a complex maze in the attempt to achieve the desired goals of the employee maximizing their ability to provide services and value to the company. One of various determining factors as to which pathway to attempt is whether the goal is an immigrant visa (also known as a “green card”) which may ultimately allow lawful permanent residence in the United States or a non-immigrant visa. The need for foreign labor affects various industries and applies to large segments of skilled, unskilled and semi-skilled workers in jobs ranging from farm to seasonal to high-tech. This webinar explains what businesses need to know in the current environment as well as how political and globalization issues will affect immigration laws going forward.
Part of the webinar series:
BUSINESS LAW REVIEW- 2022
See more at https://www.financialpoise.com/webinars/
NEWBIE LITIGATOR SCHOOL - Part I 2022: Working With Experts Financial Poise
Expert witnesses are an integral part of modern commercial litigation. They can be used for everything from calculating damages to explaining software workflows to establishing industry standards. This webinar begins with an exploration of the common types of cases that call for use of expert testimony. From there, we discuss the rules governing experts, including expert disclosures, discovery, and expert depositions. We also discuss the Daubert standard for excluding expert testimony, and discuss how a successful Daubert motion may be brought. This hour will help you figure out when and how to hire your own expert, and will give you some ideas on how to challenge your opponent’s expert when the time comes.
Part of the webinar series:
NEWBIE LITIGATOR SCHOOL - Part I 2022
See more at https://www.financialpoise.com/webinars/
Executive compensation continues its movement towards performance pay as the standard. Compensation structures and proxy disclosures are more and more complex. Investors and proxy advisors continue to increase influence on compensation issues. This webinar examines executive compensation, including equity-based compensation plans and executive employment and severance agreements. The importance of disclosure, alignment of risk, and metrics is also examined. Practical guidance on pay-for-performance and supplemental pay definitions is provided. The panelists discuss the effect of the Dodd-Frank Act on executive compensation, including SEC regulations. Exchange rules are compared to applicable federal law. Best practices regarding executive compensation committees and regulatory requirements for those committees are examined. Shareholder advisory groups promulgate executive compensation related advisory policies for their institutional shareholder clients annually and these policies are also discussed. Issues regarding board composition and leadership structure issues are discussed in relation to executive compensation.
Part of the webinar series:
CORPORATE REGULATORY COMPLIANCE BOOT CAMP 2022 - PART 2
See more at https://www.financialpoise.com/webinars/
CORPORATE REGULATORY COMPLIANCE BOOT CAMP 2022 - PART 2: Securities Law Comp...Financial Poise
The Securities and Exchange Commission has been entrusted with a significant corporate compliance regulatory function, which has been expanded by seminal legislation in the recent past such as the Sarbanes-Oxley (“SOX”) and Dodd-Frank Acts. This webinar discusses board fiduciary duties and the tension between state corporate law standards and federal law. Board composition, independence, structure and processes (including best practices in regard to committees) are analyzed. Specifically, director independence is discussed as is audit committees and related requirements, regulations and exemptions. NASDAQ and the NYSE also have similar requirements for director independence and those are also discussed. The webinar also covers disclosure matters related to SOX compliance, including timing and content of an issuer's periodic disclosures. Both the legal requirements and best practices related to disclosure procedures and internal controls under SOX are examined. Means of controlling the costs of SOX, especially for smaller public companies, are also discussed, including trends in the industry related to high regulatory compliance costs. Finally, the applicability and best practices for privately held companies and SOX are considered.
Part of the webinar series: CORPORATE REGULATORY COMPLIANCE BOOT CAMP 2022 - PART 2
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The deal is complete, and the parties have finished the hard work. Or have they? Integration planning turns to execution as people, process, and technology are combined once the deal is legally closed. The buyer will need to consider the purchased business or assets from the standpoint of employees, IT, customers, suppliers, and a multitude of other areas. In addition, numerous post-closing legal issues may arise, including purchase price adjustments, breaches of representations and warranties, enforcement of key negative employment-related covenants and restrictive covenants, collection of pre-closing accounts receivable, and true-ups of final financials. This episode guides listeners through the process, timing, and issues which most commonly arise after the closing of deals.
Part of the webinar series:
M&A BOOT CAMP - 2022
See more at https://www.financialpoise.com/webinars/
Although every deal is different, understanding any purchase/sale agreement will help you understand other purchase sale agreements. Stated another way, most M&A documents include a similar set of sections and use a similar vocabulary. This episode explains specific, common provisions and discusses how buyers and sellers approach these provisions differently, particularly in light of situational differences (e.g. whether the assets being bought and sold are equity of a company or the assets of a company; whether the seller is going to cease to exists or not). Topics covered will include tax issues; corporate governance; closing conditions; representations and warranties; indemnification provisions; earn-outs; restrictive covenants; antitrust; intellectual property; and employment issues.
Part of the webinar series:
M&A BOOT CAMP - 2022
See more at https://www.financialpoise.com/webinars/
Buying, selling, or merging a company typically follows a similar set of steps from deal to deal. The amount of time each step takes varies but the order of the steps is fairly uniform because the steps follow a certain logic: before the parties share meaningful information, they should sign a confidentiality agreement (a/k/a “non-disclosure agreement,” or “NDA”); once a baseline amount of information is known by the would-be buyer, it commonly presents a letter of intent or term sheet to the target or its owner, which serves as an outline for a deal but does not necessarily bind the parties to consummate the transaction; additional due diligence and the negotiation, drafting and signing of definitive documents comes next. The parties then obtain any needed regulatory and/or contractual third party approvals; followed by closing; and finally by post-closing tasks. This webinar will discuss all these steps from a macro perspective so that you can see the forest for the trees, but does not do a deep dive into any single topic. Think of this webinar as a road map or timeline for a typical deal.
Part of the webinar series:
M&A BOOT CAMP - 2022
See more at https://www.financialpoise.com/webinars/
CROWDFUNDING 2022 - Crowdfunding from the Investor's PerspectiveFinancial Poise
This webinar focuses on the opportunities that crowdfunding makes available to the investor, and how the investor should go about navigating this new world. We begin with a basic overview of the new regulatory regime, the requirements to invest, and the on-boarding process one should expect. We then dive deeper into the market opportunity, including how to access and select investments, and expectations investors should set for themselves and the projects they select. This is not intended to support any specific deal selection, but instead sheds a light upon the basic selection criteria available, the method to go about investing and what to avoid.
Part of the webinar series: Crowdfunding 2022
See more at https://www.financialpoise.com/webinars/
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
2. 2
Practical and entertaining education for
attorneys, accountants, business owners and
executives, and investors.
3. 3
Thank you to our Sponsors, Sunburst Digital
and Private Directors Association®.
4. Disclaimer
The material in this webinar is for informational purposes only. It should not be considered
legal, financial or other professional advice. You should consult with an attorney or other
appropriate professional to determine what may be best for your individual needs. While
Financial Poise™ takes reasonable steps to ensure that information it publishes is accurate,
Financial Poise™ makes no guaranty in this regard.
4
5. Meet the Faculty
MODERATOR:
Mark Trembacki – Chief Strategy Officer, Busey Bank
PANELISTS:
Pankaj Amin, Managing Director - SC Ventures
Phil Buffington, Partner - Adams & Reese LLP
Jeremy Waitzman, Partner - Sugar Felsenthal Grais & Helsinger LLP
5
6. About This Webinar -
Roles & Responsibilities: A Primer
Private company owners, including family businesses, ESOPs, and private equity owners,
often have different expectations for their boards than is common in publicly traded firms.
Besides being much less encumbered by regulatory compliance, many private firms are
looking for a completely different kind of engagement from directors. In companies with new
boards, leaders and directors often struggle early on to determine the role of the board and
how to separate board responsibilities from those of ownership and management. In this
webinar, the audience will learn what companies are really looking for (or should be) from
their boards, and the many ways that boards contribute to private company success.
6
7. About This Series - Board of Directors Boot Camp
More and more privately-held companies are exploring the benefits of effective corporate governance
and, consequently, are working towards formalizing board processes. This trend has been driven in part
by the ever-increasing pressure that companies face from foreign competitors and increasing government
regulation. The demographic wave of the huge number of businesses whose leadership is getting ready
to retire and which, therefore must engage in succession planning is another significant factor. Yet, many
private companies delay implementing a more formalistic governance regime or simply do not
understand they even need it. This webinar series discusses various aspects of good governance in
private companies. Applicable to owners, executives, directors and their respective trusted advisors, this
webinar series brings a variety of experiences and perspectives on the most common questions around
private company governance.
Each Financial Poise Webinar is delivered in Plain English, understandable to investors, business owners, and
executives without much background in these areas, yet is of primary value to attorneys, accountants, and other
seasoned professionals. Each episode brings you into engaging, sometimes humorous, conversations designed to
entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes so that
participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
7
8. Episodes in this Series
#1: Roles & Responsibilities: a Primer
Premiere date: 3/24/22
#2: The Effective Director
Premiere date: 4/21/22
#3: The Effective Board
Premiere date: 5/12/22
8
10. What is a Board of Directors?
• Usually legally required
• Represents ALL shareholders
• May consist of inside directors (shareholder, officer, management) and outside
• directors (independent executives)
• Provides “insight” and “oversight”
• Structure and procedures are defined by the organization’s bylaws
• Typically has a formal nomination/election process
10
11. What is the Purpose of the Board?
• To enhance the quality of strategic decisions
• To ensure the CEO is doing his/her job
• To ensure a strong succession plan is in place for continuity
• To ensure the Company is compliant with applicable law, regulations and ethical
policies
11
12. Public Company Vs. Private Company: What’s the
Difference?
• Public companies
✓ Full disclosure of all financial records to the board
✓ Responsible for the hiring and firing of the CEO
✓ Subject to Sarbanes-Oxley and associated compliance requirements
• Private companies
✓ Often, a group of major “insider” shareholders exist; care must be taken to
consider minority shareholder interest
✓ The CEO is usually a major shareholder of the company
12
13. Types of Boards
• Advisory Board
✓ Common in private companies
✓ Typically a transitional structure
✓ Members engaged by the Company
✓ Informal body that provides non-binding advice to management
✓ Work for the CEO - do not have the ability to hire/fire CEO
✓ Cannot force management to take a specific action
✓ Typically no audit oversight
✓ Do not share the same liability and compliance costs of their Fiduciary counterparts
13
14. Types of Boards
• Fiduciary Board
✓ Required for public companies
✓ Elected by the shareholders
✓ Responsibility to act as a Fiduciary for ALL shareholders
✓ Typically execute governance best practices (because they are liable if they
don’t)
✓ Oversight/approval of strategic plan, budgets, major projects, and policies
✓ Monitor the company’s financial structure, performance, and culture
14
15. Types of Boards
• Fiduciary Board (cont’d)
✓ Hire/fire/evaluate the CEO and approve and oversee compensation
✓ Evaluate other execs and family members - with consequences
✓ Responsible for oversight of succession
✓ Comply with law
✓ Ensure the company’s compliance with the law
✓ Insiders versus independents
15
16. What is Fiduciary Responsibility?
• Duty of care
✓ Officers and directors must exercise ordinary and reasonable care in their duties
✓ They must act in a manner which is in the best interest of the company
✓ Board members are protected from personal liability through “The Business
Judgment Rule” which states that when making a business decision, the directors
of a corporation acted on an informed basis, in good faith and in honest belief that
the action taken was in the best interests of the company.
16
17. What is Fiduciary Responsibility?
• Duty of loyalty
✓ Board members must give undivided allegiance to the company when making
decisions affecting the company, all personal interests must be put aside
✓ Board members must disclose all conflicts of interest and exclude themselves from
any discussion or vote in which they may have a personal interest
• Duty of obedience
✓ All board members must act in accordance with the company’s governing documents
such as, articles of incorporation and bylaws as well as all applicable laws and
regulations
✓ Duty of disclosure arises if shareholders are called on to act
17
18. Additional Obligations of a Fiduciary Board
• Audit committee reviews
• Analysis of material lawsuits
• Whistleblowers
• Examination of corporate risk exposure
18
19. Why Choose an Advisory Board?
• They can focus on strategy and avoid liability and compliance constraints associated
with Fiduciary Boards, that being said, you should still hold your Advisory Board to
Fiduciary Board standards
• Advisory Boards have the benefit of choice
✓ They can avoid defensive topics and focus instead on the offensive topics such as:
o Bringing in new customers
o Expanding into new markets
o Introducing new products
o Attracting great talent
o Increasing profitability
19
20. Tips for Establishing a Board
• Must Have A Charter
• What Do You Expect The Board To Do?
• What Collective Skills Should Be Brought To The Table?
• What Do You Expect Each Board Member To Do?
• How Often Will You Meet As A Group?
• How Often Will You Talk With Them?
• Can (Should?) Include Outsiders As Well As Insiders
20
21. Common Skills and Experiences Shareholders Look
for in Candidates
• Prior to an interview:
✓ Board experience
✓ Strong financial literacy
✓ Strategic planning skills
✓ Industry or related industry experience
✓ Strong leadership skills
✓ Experience with effecting change or significant growth within an organization
✓ Private company experience
✓ A strong network
21
22. Common Skills and Experiences Shareholders Look
for in Candidates
• During an interview:
✓ Strong listening skills
✓ High ethical standards
✓ Decision making ability
✓ Appropriate management of “air time”
✓ A proclivity for inclusions
Adapted from: Creating a Harmonious Board by Kelly LeCouvie, PhD
22
23. The Case for Paid Board Members
• Companies that pay boards tend to get more return on investment
• Board members have a vested interest (time, energy) as do you
• Shows you understand the value
• Communicates expectation of high value in return
• When paying, you’ll prepare more: spend 2X the amount of time of your meeting in
preparing (agenda, materials, etc.)
23
24. What it Takes to Make a Board Member Successful
• In-depth knowledge of the business
• Ability to constructively challenge the executives
• Set strategies and hold the executives accountable
• Understanding that being a board member is not a side job, but a real time
investment
• Asking the right questions is often more important than having the answers
✓ Ask open-ended questions. Don’t ask “Why?” “How?” is a better formulation to
activate positive thinking
24
25. What it Takes to Make a Board Member Successful
✓ Understand the underlying thinking of the company and its leaders
✓ Ask follow-up questions. Avoid making statements after the initial question, ask
another question.
✓ Enjoy the silence. One can learn and contribute more than from someone merely
filling a gap.
✓ Learn. A board member might not always have the answer, but others might. A
good board member may be able to help others think and learn even though he/she
is not the expert.
✓ A board member should take notes. This demonstrates respect and – for many –
helps give extra time for effortful thinking.
25
26. Specific Skill Set for a Board Member
• Preparation
✓ Being well-prepared before every meeting is an obvious and absolute
prerequisite to be able to contribute and add value to the discussions. Without
spending a great deal of time reading and thinking about the issues the company
faces, a board member can neither formulate the powerful questions nor
constructively challenge the discussions.
• Punctuality
• Positivity
26
27. Specific Skill Set for a Board Member
• Respect
✓ As a non-executive board member, the most effective contribution a person can
make is to help the executives excel. A director needs to be self-confident and
control his/her ego in a way that enables them to listen and work in the team without
engaging in the operational activities.
• Good listener
27
28. Specific Skill Set for a Board Member
• Team player
✓ A person is not on the board to be liked or accepted and is often not there for the
money. Instead, the board member is there for the owners’ and the executives’ sake
– not their own.
• Honesty and transparency
• Responsiveness
• Loyalty
28
29. Board Member Contributions
• Expertise
• Self discipline and accountability
• Objectivity
• Board experience
• Strategic Thinking
• Insight into key people, empathic counsel
• Network
• Professionalizes behavior
Adapted from Building a Successful Family Business Board by Pendergast, Brun de Pontet and Ward
29
30. Common Items that Can Hinder a Board
• Lack of clarity on the roles of individual directors and the board as a whole. Role
ambiguity slows decision-making and causes unnecessary director conflicts.
• Poor Process management hinders effective board preparation, meeting management,
and communications. This results in indecisiveness and a lack of urgency on critical
challenges facing the organization.
• Lack of alignment and agreement on company strategy causes disinterest among board
members, who then simply default to tackling regulatory and compliance issues. Poor
strategic alignment also hampers a board’s ability to prioritize issues and set their near-
term agendas. This often causes board disruption and sends damaging signals to
financial markets.
30
31. Common Items that Can Hinder a Board
• Poor team dynamics fracture boards and lead to power struggles. Like any effective
working group, a board should be comprised of professional peers who respect and
work well with each other.
• Board composition is a serious impediment, if not done right. Today’s challenges
require new perspectives and skills. But boards often lack the ability to objectively
evaluate their makeup to determine if they have the right people and skills at the
table.
31
32. Sample Board Agenda
Source: Jeremy Barlow. www.boardeffect.com/blog/role-of-the-board-chair
ABC Company
123 Main St.
Anytown, USA 12345
AGENDA
January 1, 2016
Time: 9:00 am
Location:
Company Corporate
Office
123 Main St. Suite A
Anytown, USA 12345
I. Call to Order
II. Approval of the Agenda
III. Approval of the Minutes
IV. Reports
1. Executive Director
2. Finance Director
3. Nominating Committee
4. Governance Committee
5. Public Relations
Committee
V. Old Business
1. Board nominations
2. Contract negotiations
VI. New Business
1. Special Event
VII. Comments and
Announcements
VIII. Adjournment
Next meeting date August 1,
2018
32
33. The Role of the Chair
• Lead and guide the rest of the board
• Direct liaison between the board and management
✓ Works with CEO on board meeting agendas
• Facilitate board meetings and guide committee work
✓ With the CEO the chair recommends committee chairs and serves as an e-x-
officio member of all committees
33
34. The Role of the Chair
• Upholds and addresses rules of conduct
• Recruits and develops new board members
• Conducts self-evaluations
• Plans for succession
• Balances participation of Board members (encouraging quieter members to speak,
etc.)
Source: Jeremy Barlow. www.boardeffect.com/blog/role-of-the-board-chair
34
35. Family Business
SAMPLE:
ROLES OF OWNERS
VERSUS DIRECTORS
VERSUS MANAGEMENT
IN A FAMILY BUSINESS
D = Decide
I = Input
Source:
Kelly LeCouvie, PhD
The Family Business Consulting Group
35
36. Common Board Committees
• Audit
• Compensation
• Governance and Nominating
• Finance
• Risk Management
• Technology and Innovation
• Executive
36
37. Sample Committee Responsibilities
• Audit Committee:
✓ Recommend and review selection of outside auditors.
✓ Assure the efficient completion of internal and external audits.
✓ Review and approve annual internal and external audit procedures, including the
methodology and areas of audit and revisions to the annual report.
✓ Review and approve accounting, legal, and financial policies.
✓ Ensure methods are in place for identifying and investigating potential fraud.
✓ Review financial statements before they are presented to the full board.
✓ Ensure shareholders receive adequate financial information from the Company.
37
38. Sample Committee Responsibilities
• Compensation Committee:
✓ Supervise the design and implementation of policies related to compensation,
performance evaluation, employee development, and retirement.
✓ Approve the personal development plans for senior-level executives.
✓ Approve annual salary increases for senior-level executives.
✓ Conduct a formal performance evaluation of the CEO.
✓ Review performance evaluations of senior-level executives.
✓ Oversee the development of succession plans for senior-level management.
✓ Propose programs for professional development for shareholders.
✓ Adopt 409A valuations regularly in connection with administration of stock plan
✓ Approve option grants
38
39. Sample Committee Responsibilities
• Governance Committee:
✓ Identify and recommend independent director candidates.
✓ Recommend candidates for board officer positions and board committee
membership.
✓ Develop a succession plan for the board chair.
✓ Make recommendations to the shareholder assembly of appropriate
compensation levels for board members.
39
40. Sample Committee Responsibilities
• Governance Committee (cont’d)
✓ Coordinate the annual board-evaluation process.
✓ Develop and recommend long-term board goals for approval by the full board.
✓ Ensure that all committees have established objectives and charters.
✓ Oversee the board orientation process for new board members.
✓ Assure that a code of ethics guides business and director conduct.
Adapted from: The Chair Forum, The Family Business Consulting Group
40
41. Value of Independent Directors on a Board
• Increase professionalism/decrease conflict in the board room
• Lead contentious/confidential matters such as performance management and
compensation
• Bring just-in-time strategic knowledge
• Mentor for key management/successors
• Knowledge of practices in other leading firms
• Challenge assumptions
• Encourage board discourse to stay at strategic/oversight level rather than in
operations
41
42. The Non-Strategic Value of New Directors
Much attention is given to the strategic advantages of strong directors on your board.
Yet, in addition to traditional benefits, there are often many unexpected contributions that
are just as important as the strategic input directors provide in the boardroom. These can
include:
✓ Meeting preparedness: Directors tend to increase their preparation process when
new directors are added to the board. The CEO is likely to think more deeply about
the kind of preparation required for new directors to succeed.
✓ Board education: Incumbent directors may be prompted to become more educated
about roles and responsibilities of good directors. It may lead to more formality and
sophistication around board function.
42
43. The Non-Strategic Value of New Directors
• Mentorship and leadership development: Directors often become mentors or confidantes
to the CEO and other stakeholders.
• Strong board culture: Good directors possess attributes that help facilitate group
cohesion. New directors may cause inside directors to be instinctively on their best
behavior. Skilled directors will work hard to manage dissension.
Adapted from: “The Non-Strategic Value of Directors” by Kelly LeCouvie, PhD. The Family
Business Advisor published by The Family Business Consulting Group.
43
44. Adding Independents Increases Board Value for
Leadership
Percentage of a sample of family-owned business CEOs rating their board as effective based
on involvement of independent directors.
Source: Building a Successful Family Business Board, by Pendergast, Ward and Brun de
Pontet, The Family Business Consulting Group
44
45. The Prospectus: A Tool for Attracting and Selecting
the Right Independent Directors
Desired traits of directors are often captured in a prospectus, a document that includes a
“job description” of a director as well as background information on the company and
desired traits and experience. A prospectus should include:
✓ Overview
✓ History and Company Profile
✓ Description of Current Board Structure
✓ Director Expectations & Responsibilities
✓ Compensation & Terms
✓ Desired Director Profile
✓ Overview of Selection Process
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46. The Effective Board Facilitation Checklist
• How well do I:
✓ Observe and participate in group processes simultaneously, contributing on
content level while influencing process?
✓ Manage the discussion – initiating, focusing, closing?
✓ Pace the group’s work?
✓ Encourage, balance and maintain participation and cooperation?
✓ Reinforce effective interpersonal and professional behaviors?
✓ Push to consensus?
✓ Manage conflicts?
✓ Ensure clarity of decisions and follow through?
Source: Adapted from The Chair Forum, The Family Business Consulting Group
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47. Outline of Board Background Book
• Helping Directors Prepare: The Board Background Book
• Directors depend on the chair to get the information they need to do their job well.
One effective way to accomplish that is with a board background book. The board
background book is a comprehensive, professionally presented summary of important
information about the business.
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48. Outline of Board Background Book
Contents:
✓ Mission Statement, History and Strategy
✓ Who’s Who (Org Chart, Sharehoders, Officers, Key Advisors, etc.)
✓ Biographies (Key executives and Directors)
✓ Competitors, Vendors & Customers
✓ Financial Information
✓ Audit & Estate Valuation
✓ Articles, Bylaws, Indemnification
✓ Other Information (Union status, Insurance coverage, Asset appraisals, Real estate, etc.)
✓ Board Schedule and Agenda
Adapted from: Building a Successful Family Business Board: A Guide for Leaders, Directors & Families by
J. Pendergast, J. Ward, S. Brun de Pontet.
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49. Getting the Most Out of Your Board
Finding the right board members is important, but it’s only half the battle. To get the most out
of your board, you have to give board members a meaningful role and set up meetings so that
they can contribute. To take advantage of all the board has to offer:
✓ Clearly outline your expectations of board members
✓ Educate them on your business.
✓ Empower the board.
✓ Set a meaningful board agenda.
✓ Provide exposure to key management members.
✓ Establish a communication channel between owners and outside board members.
✓ Evaluate board performance.
Adapted from: “Getting the Most Out of Your Board” by Jennifer M. Pendergast, The Family Business
Advisor, published by The Family Business Consulting Group.
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52. About The Faculty
Mark Trembacki – marktrembacki@gmail.com
Mark Trembacki is Executive Vice President and Chief Strategy Officer of Busey Bank where he leads
strategic planning and execution, acquisition integration, ESG, Customer Experience, and the overall
evolution of this rapidly growing financial services company. Prior to joining Busey, Mark founded Risk
Management Levers, Inc., a consulting firm focused on strategy, risk management, acquisition integration, and
change management leveraging his deep experience from leadership roles at BMO Financial Group.
Mark has an MBA in Finance from The University of Chicago Booth School of Business, a BS in Accounting
from The University of Illinois at Urbana-Champaign, and is a CPA. He is a qualified SEC Financial Expert,
completed National Association of Corporate Directors (NACD) Directorship Certification, and earned NACD’s
CERT Certificate in Cybersecurity Oversight from Carnegie Mellon University’s Software Engineering
Institute. Mark completed a Cyber Security Management Graduate Certificate from the University of Virginia.
Mark serves as the Immediate Past Board Chair at the DuPage Children’s Museum and Treasurer of the
Chicago Historical Society (Chicago History Museum) and was part of CEO Search Committees at both
organizations in 2019 and 2020. He has also been an adjunct professor at the University of Illinois Urbana-
Champaign teaching Enterprise Risk Management in the Masters of Finance program.
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53. About The Faculty
Pankaj Amin – pamin@scven.com
In his extensive work as a CEO, private equity advisor and corporate Board member, Pankaj
brings more than 25 years of leadership and operational experience in the healthcare,
telecommunications, financial services and business service sectors. Pankaj is a thoughtful,
insightful and intellectually curious advisor who has a solid grasp on process as much as
product. Pankaj currently serves as a board member of MUBIC, a makeup joint venture
launched by Intercos, a 6000-person global makeup manufacturer headquartered in Italy and
portfolio company of private equity firm L Catterton. Pankaj brings financial oversight, growth
strategy, and consumer products experience to the company’s board. Pankaj also currently
serves as a board member of Enzo Bevande, a beverage company that is bringing popular
European products to the mass market in the United States. Pankaj represents the interests
of two European investors.
To read more, go to: https://www.financialpoise.com/webinar-faculty/pankaj-amin/
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54. About The Faculty
Phil Buffington – Phil.Buffington@arlaw.com
Phil Buffington joined Adams and Reese in 2011 and serves as Leader of the Financial
Services Team, and is a Partner in the Transactions Practice Group. For more than 30 years,
Phil has served as a trusted advisor to community, regional and national financial institutions,
and he routinely helps these institutions assess and analyze regulatory and litigation risks.
His practice is focused primarily on the representation of financial institutions in corporate
governance, transactional and bankruptcy matters. He serves on the Adjunct Faculty Staff of
Mississippi College School of Law (Banking Law and Business Planning) and also serves as
a Faculty Member at the Mississippi School of Banking (Commercial Lending I and II). He is
a frequent speaker and presenter for CLE and other courses on topics related bank regulatory
matters, commercial lending, secured transactions and other banking topics.
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55. About The Faculty
Jeremy Waitzman – jwaitzman@sfgh.com
Jeremy Waitzman advises his clients on significant transactions and operational issues in their
businesses. Described by clients as “an essential business advisor” and “a partner in the success
of my business,” Jeremy has substantial experience representing businesses of all types and sizes
from inception, guiding them through significant growth, and often through ownership’s exit. His
clients include privately-held middle market and emerging growth companies, family offices/funds,
investors, C-level executives, boards of directors, family-owned businesses and entrepreneurs.
Jeremy counsels clients in the areas of corporate law, mergers & acquisitions, private placements,
general contract law and often acts as outside general counsel for his clients. Jeremy represents
individuals, closely held businesses, start-up companies and serves as outside counsel to several
large corporations. His work with companies often includes strategies for creation of enterprise
value.
To read more, go to: https://www.financialpoise.com/webinar-faculty/jeremy-waitzman/
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56.
57.
58. Questions or Comments?
If you have any questions about this webinar that you did not get to ask during the live
premiere, or if you are watching this webinar On Demand, please do not hesitate to email us
at info@financialpoise.com with any questions or comments you may have. Please include
the name of the webinar in your email and we will do our best to provide a timely response.
IMPORTANT NOTE: The material in this presentation is for general educational purposes
only. It has been prepared primarily for attorneys and accountants for use in the pursuit of
their continuing legal education and continuing professional education.
58
59. About Financial Poise
59
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