IN THIS ISSUE
Best Practices for Recruiting Board Members; The Private Company Boards of the Year 2016 winners; private company governance appointments, news and more.
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Best Practices for Recruiting
New Board Members
Three strategies for building your board.
By MARK ROGERS, CEO and founder, BoardProspects.com
Many private companies tend to recruit their board members from a pool of friends, family, and professional networks or via word-of-mouth. But when it comes to board membership, only those best suited to the role can truly represent the interests of the corporation and its stakeholders, while allowing for effective execution of corporate governance and objective oversight.
A good board should include a diversity of perspective -- with members who can jointly oversee the corporation’s strategic initiatives while bringing their individual strengths to the table.
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Private Company Boards of the Year 2016 Named
By PRIVATE COMPANY DIRECTOR
Three private company boards of directors to be honored at the Private Company Governance Summit on May 12, 2016, in Washington, D.C.
The awards honor private company boards who best serve their stakeholders—owners, shareholders, employees and community - with best practices in their structure and performance.
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Arianna Huffington To Join Uber Board of Directors
Uber CEO Travis Kalanick announced that The Huffington Post’s editor-in-chief, Arianna Huffington, would be joining Uber’s board of directors, according to a blog post posted on The Huffington Post.
Uber has been one of the biggest and most controversial businesses over the past year and is fighting legal and regulatory battles. The company is valued at $60 billion. Huffington told editors at the site that she was recusing herself from news coverage of Uber.
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Krispy Kreme Becomes Private After Sale to JAB Beech
Krispy Kreme Doughnuts will be acquired by JAB Beech in a deal valued at $1.35 billion. JAB Beech will pay $21 a share in cash for Krispy Kreme, a 25% premium over the company’s Friday’s closing stock price of $16.86. The deal will turn Krispy Kreme into a private company and is expected to close in the third quarter this year. The company’s 1,100 stores across the country will be continue to be operated independently.
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