There are four primary types of boards: advisory, nonprofit, private and public/corporate boards. Each type of board is unique in its purpose, responsibilities and stakeholders. Advisory boards provide guidance...
An organizational framework delineates the flow of products and services throughout a company and explains who holds responsibility for decision-making, project management and operational oversight. A framework for board governance and...
There are important nuances to filing your taxes as a board director, as tax treatment can vary depending on the specifics of your role and compensation. Board directors are considered to be independent contractors, rather than employe...
Corporate governance comes with high-level responsibilities. Though the law grants them much discretion, board directors are expected to uphold their duty to their shareholders and beneficiaries. In he event that they are sued as a res...
The independent board seat represents a multifaceted role with a number of responsibilities. Greater levels of responsibility often mean higher compensation and more involved time commitments. Levels of responsibility vary based on the...
The demand for independent directors is ever-increasing and private equity boards offer nuanced roles that are becoming more and more attractive. Today, there are upwards of 4,500 private equity firms, over 8,000 alternative funds, inc...
A board meeting is the formal gathering of a board of directors. The overarching goal is to keep track of the company’s progress, with members discussing corporate policies, financial performance and future strategy. The frequency of...
What are recent concerns of corporate boards? How are they providing innovative strategies and solutions to address the challenges they face? These are the questions asked of boards every year. To keep up with questions like these, we...
The shareholder rights plan, known as the “poison pill”, is a specialized tactic that a board of directors employs to defend their corporation from being taken over. The poison pill strategy typically involves making the company mo...
Research from the Executive Search Information Exchange (ESIX) shows that more than 40% of executive searches fail and that hiring companies are the reason for about 70% of these failed searches. The costs of these failures can be an e...