Board requirements are changing. It used to be CEO clones and buddies were there to largely rubber-stamp decisions.
Today, whether serving on boards of publically traded companies facing regulatory and investor demands, or privately held businesses cognizant of governance and value creation imperatives, independent directors play a different role. Ed holds both the Private Directors Association® Certificate in Private Company Governance and the NACD (National Association of Corporate Directors) Directorship Certification®, and as a consultant, he has the skills and the perspective to understand these requirements.
Ed's background and expertise position him to fill some of the critical gaps in expertise that Nomination & Governance Committees often uncover as they undertake a skills matrix analysis. He arrives ready to contribute in areas including:
Other highlights include:
Case Title: YOU ARE CHAIR OF THE BOARD OF A FAMILY-DOMINATED COMPANY. AN OUTSIDE BOARD MEMBER IS PROVIDING A PERSPECTIVE YOU HOPED SHE WOULD PROVIDE….AND NOW THAT’S A PROBLEM.
Downloadable Case: Independent Director, Right Ideas, Wrong Fit?
Executive Overview: Robbins Industries recently brought an experience executive in to run the privately held middle market machinery company. The CEO agreed to take the role contingent on the board adding several critical skill sets via new independent directors. Now one of them is at loggerheads with long-time executives. How can this be resolved?
Recorded Discussion (video):
Case Title: THE BUSINESS STRATEGY THAT "GOT YOU HERE," IS DECAYING. AND THERE IS THAT NEW MODEL THAT COULD DESTROY YOUR BUSINESS…..
Downloadable Case: Changing Markets; Stagnant Strategy
Executive Overview: Sigma Industrial Technologies manufactures machinery used in the food processing industry. Rising generations of buyers are seeking integrated Product-as-a-Service (PAAS) solutions that integrate machines, support, and data analytics. Sigma's sales team resists selling subscription-type models, preferring traditional capital equipment sales approaches. And now the industry scuttlebutt is that prime competitor, FEI, is making the first move. Can the company change? Should they?
Recorded Discussion (audio): Listen here
The two case studies above were authored by Ed Marsh, an NACD Directorship™ Certified Independent Director, and presented in conjunction with Board Options, a retained search firm for independent directors run by Larry Stybel and Maryanne Peabody.