IN THIS ISSUE
Soliciting Initial Outside Directors for Private Companies - Corporate Secretaries and the Private Board
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FEATURED ARTICLE
Soliciting Initial Outside Directors for Private Companies
BY BRUCE WERNER
Private and family-owned companies with tenured outside directors have learned how to attract, evaluate and retain other outsider directors. Experienced directors create value by leveraging their knowledge and well-established relationships to effect change. But where does this start? A critical step to recruiting initial directors is to understand that candidates likely lack institutional knowledge, and have no meaningful relationships with current directors or the company.
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INSIGHT
Corporate Secretaries and the Private Board
BY PAUL MARCELA
The modern Corporate Secretary is an invaluable resource to the Board and a critical member of the executive management team. The Corporate Secretary is responsible for ensuring that Boards of Directors has the proper advice and resources to discharge its fiduciary duties to a company’s shareholders. Under state corporate laws, every company is required to have a Corporate Secretary.
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