Private Equity-backed Company Boards Need Independent Directors

Ready for a break from video? We have some reading for you next: two articles that first appeared in Private Company Director. These are reproduced with the permission of MLR Media. Read both to reinforce some of the learning from Howard Bobrow’s and Bob Girton’s videos.

Please use the arrows at the bottom of the reading frame above to move through the article.

Private Equity Grows Up

This article first appeared in Private Company Director and is reproduced with the permission of MLR Media. Read it to reinforce some of the learning from Howard Bobrow’s videos.

Please use the arrows at the bottom of the reading frame above to move through the article.

Learning Objectives:

• Outline the fundamentals of good governance structure, process and practice, and explain why attention to these enhances portfolio company performance and reputation.
• Describe the fiduciary responsibilities of directors, and outline how they increase the confidence of banks and funders, benefiting PE companies.
• Demonstrate a respect for confidentiality and an awareness of the value of attorney-client privilege in PE deal-making.
• Read the dynamic of the board and pinpoint how and where differences in objectives and strategic misalignments can arise, outlining the value of the objective role of independent directors.