Private Company Director e-news: August
For private company board members, shareholders and owners.
August 2016

What Corporate Boards Need to Know Before Wading into Politics, Reputational Risk, Private Company Director Appointments, News, and More.

What Corporate Boards Need to Know Before Wading into Politics




Companies face growing pressure to be more transparent about their political spending as investors and consumers have more information at their fingertips. Technology continues to create new platforms to shed light on corporate political spending – from mobile apps that track donations to citizen reporting on social media that can reach millions.

While corporate influence in politics is often criticized, a public opinion poll last October by the Global Strategy Group found that 80 percent of respondents felt it was appropriate for a company to take a stance on political issues that affect its business.

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Reputational Risk

With ownership comes great responsibility.


It is difficult to believe in today’s digitally driven world that technology was not always a concern for boards and senior management teams. Not so long ago, technology would typically surface as an issue when a printer jammed or an email disappeared.

That changed in a big way with the advent of the internet and software applications. As the world became more digital, technology grew more important for boards and management. Senior leaders realized that someone needed to “own” this rising issue and provide insight on enterprise-wide decisions. 

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Moon Express First Private Company Given Permission to Travel to Moon

Moon Express has become the first private company in the world to receive permission for space travel beyond Earth’s orbit. The FAA granted permission to the company to travel to the moon in 2017.
If successful, Moon Express will be the fourth entity ever to soft-land on the Moon.

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Redbox Parent Company Sold to Private Equity Firm for $1.6B

Outerwall, the Bellevue-based operator of Redbox movie rental kiosks and Coinstar coin counting machines, today announced that it has entered into a deal to be acquired by Apollo Global Management for $52 per share in cash.

The Wall Street Journal placed the cash value of the deal at $895 million, while companies pegged the enterprise value at $1.6 billion, including the assumption of debt.

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by Private Company Director, Directors & Boards and Family Business Magazine

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