2017 Private Boards
of The Year Named
Blue Diamond Growers,
Bush Brothers and Company, W.S. Darley & Co., Samaritan Medical
Center and Diesco Ltd. excel in board governance
Five of the nation’s top company private 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 awards were presented at the Private Company Governance Summit 2017 in Chicago.
The winners are the boards of Blue Diamond Growers, Bush Brothers and Company, Diesco Ltd., Samaritan Medical Center, W.S. Darley & Co., all of which were honored for their exceptional work in board governance. See more complete details on each board here.
The award recognizes both fiduciary boards—those which are 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.
The award was created to recognize those private companies who go above and beyond legal governance requirements and commit to the highest levels of governance, whether through fiduciary or advisory boards. The awards recognize the performance of the board as a whole.
Out of dozens of nominations received, 19 private companies were selected as semi-finalists, and eight boards were finalists. Because of the high quality of the finalists, the judges decided to recognize one advisory board, and four fiduciary boards at various levels of total company revenues.
“The awardees serve companies whose revenues range from $20 million to $1.7 billion,” said Robert H. Rock, chairman of MLR Holdings LLC, the parent company of the magazines presenting the awards. “This shows that it’s not the size of the company that counts, but the company’s commitment to excellence in governance.”
Nominations will open in the Fall for the 2018 Private Boards of the Year, which will be presented at the Private Company Governance Summit 2018.
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Copyright 2017 MLR Holdings LLC
