Top Private Boards Named; Nordstrom's Going Private?
For private company board members, shareholders and owners.
June 14, 2017

Top Private Company Boards Named - Nordstrom Going Private?


2017 Private Boards of the Year Named

By David Shaw

Five of the nation’s top private company boards were named as winners of Private Company Director, Directors and Boards and Family Business magazines’ second annual Private Company Board of the Year award. 
The winners are the boards of Blue Diamond Growers, Bush Brothers and Company, Diesco Ltd., Samaritan Medical Center and W.S. Darley & Co., all of which were honored for their exceptional work in board governance.
The award recognizes both fiduciary boards—those tasked with protecting shareholders and vote on decisions that are binding for company management, and advisory boards—more informal boards that have no binding regulatory role. Fiduciary board awards were broken down by company revenues.

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Boards Can't Ignore Cyber Security

By Judy Selby

The cyber tipping point has arrived. It's taken some time, but recent events confirm that cyber responsibility has officially shifted to the board of directors and top management of companies in today’s data-driven economy.
In its new cybersecurity regulation, New York State's powerful Department of Financial Services squarely put responsibility for cybersecurity on the shoulders of directors and senior officers, requiring them to approve a mandatory cybersecurity policy and certify regulatory compliance.

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Nordstrom Family Proposes Taking Back Control

Nordstrom Inc.’s board of directors has formed a special committee as part of the Nordstrom family’s decision to explore the possibility of taking the retailer private.

The company said in a statement Thursday that members of the Nordstrom family formed a group to explore a plan that could involve family members buying 100% of Nordstrom’s outstanding shares of common stock. 


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