VIDEO: Private Co. Governance Trends; Ford, Nordstrom Families Want More Control
For private company board members, shareholders and owners.
Sept. 13, 2017
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Private Companies Trends - Ford, Nordstrom Families Vie for Control - Executives More Confident in Economy

VIDEO: What's Happening in Private Governance

Private companies are increasingly looking to independent voices when forming or updating boards.
It's part of an overall push by a growing number of private companies to bolster governance as a way to fine-tune business strategies and succession planning, says  Maureen Bujno, managing director of Deloitte's Center for Board Effectiveness. 
She talks with David Shaw, editor of Directors & Boards and Private Company Director magazines, about a host of private company governance trends.

Click to read the article »


Families Aim for More Control at Ford, Nordstrom

By April Hall

At publicly traded Ford Motor Co. and Nordstrom Inc., the controlling families are pushing for major changes.

Bill Ford, executive chairman of Ford Motor and great-grandson of founder Henry Ford, feels he couldn't get buy-in for innovations so he installed a new CEO who he hopes will carry out his vision.

The Nordstrom family is exploring taking Nordstrom Inc. private as their company contends with disruptive change in the retail sector.

Founding families who try to assert control of public companies generally want to maintain a long-term outlook, says Lloyd Shefsky, founder and co-director of the Center for Family Enterprises at Northwestern University’s Kellogg School of Management.

Click to read the article »


Executives Have Confidence in the Future

By April Hall

Executives at privately held companies are feeling more confident in the economy, but are less optimistic about growth, according to a new report.

PwC’s quarterly survey of CEOs and CFOs at private companies found that 69% were optimistic about the nation’s economic health, up from 28% from the year-ago quarter.

But why?

Ken Esch, PwC’s Private Company Services and Trendsetter Barometer leader, offers four reasons.

Click to read the article »
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