National and Chapter Committee Definitions

National Committees

Board Opportunities

The role of the Board Opportunities Committee is to track, publish and heighten awareness through targeted outreach activities of the deep board, executive and professional experience residing within PDA’s membership to materially increase the new private company board opportunity flow to membership.

Body of Knowledge | Resources

The BOK Committee focuses on improving The Private Directors Association® Body of Knowledge. A BOK represents core teachings, skills, and research important to those who serve as a Director on a Board of Directors. Since the required core competencies and skill sets for almost any profession evolves and changes over the years, its body of knowledge should be both specific and dynamic, in order to incorporate new information and techniques, and maintain relevance.

The Private Directors Association® Body of Knowledge is a compendium of information that focuses on four areas: Governance and Board Operations, Legal Issues, Finance and Accounting, and Strategy and Planning.

Digital 

The Digital Committee aims to deliver a stable, supportable, flexible, and efficient technology platform that provides value to members and enables effective operation of the organization and supports the organizational strategy.

Director Development and Referral

The Director Development & Referral Committee assists members who are interested in learning more about the roles and responsibilities of a Private Company Board Member, preparing their resume for a Board search and to be referred to search firms who are engaged in Board searches.

Diversity and Inclusion

The Diversity and Inclusion Committee protects the PDA brand to reflect its stated commitment to diversity and inclusion. The Committee’s primary imperatives are to ensure diverse representation in all PDA branded activities and to support all PDA Committees in their recruitment of diverse Members.

One of their immediate tasks (tactics) is:  Assist the Chapter leaders and program organizers in the recruitment of and recommendation of qualified females and persons of color to be panelists for webinars and Chapter programs.

Finance and Audit

The Finance and Audit Committee provides assistance to the Board of Directors in fulfilling its oversight responsibility to the members relating to: (1) the integrity of the Association’s financial statements, (2) the effectiveness of the Association’s internal control over financial reporting, (3) the Association’s compliance with legal and regulatory requirements, (4) the independent auditor’s qualifications and independence, and (5) the performance of the Association’s internal audit function and independent auditor.

Family Business Centers 

Establish relationships with University Based Family Business Centers (FBC) and University Based Private Business Centers (PBC) throughout the US and internationally to encourage them to use the PDA as a resource when their members are searching for Board Members and to use PDA members as speaking and consulting resources for Board related issues.

Marketing

Review regularly, recommend components, and oversee the implementation of the branding messages, formats, and campaigns. Recommend process, take direct action, and oversee the major marketing-related programs and events.

Model Board Meetingâ„  

The PDA Model Board Meetingâ„  (MBM) offers the Owner, Chair and / or CEO of a private company the opportunity to experience the value that an independent Board of Directors can deliver for shareholders and the leadership. This program is for those strongly considering the creation of an ongoing, independent Board of Directors or Advisory Board.

Nominating and Governance

Develop and recommend to the Executive Committee for approval the criteria and policies set forth in the Governance Guidelines for consideration and selection of members of the Executive Committee and the Board of Directors.

Private Board Best Practices

This is a course for Business Owners, Current Directors and Future Directors. The PURPOSE OF THE COURSE: Create a differentiated hands-on learning course where the topics concerning Private Company Board Best Practices are discussed in small groups, facilitated by impartial facilitators.

Speakers Bureau Database

The Speakers Bureau Committee maintains a database of qualified and diverse board governance speakers for selection to participate in webinars, Chapter programs and to offer to external organization speaker requests. The Committee will make an effort to include PDA members in the database.

Sponsorship 

The Sponsorship Committee defines requirements for levels of national sponsorship; develops benefits which encourage sponsorship of the Chapters; reviews applications and interviews companies interested in sponsorship; responsible for communicating with sponsors on annual renewals; works with the Treasurer in setting annual sponsorship fees; works with the Communications and Marketing committee to provide sponsor logo and other information for communication of sponsorship. As Chapters are officially chartered in other cities, the Committee will coordinate links to existing local sponsors, and facilitate in gaining National Sponsors as PDA grows nationwide.

Webinar Program

The goal of the Webinar Program Committee is to provide webinar programs which support the PDA mission of “Creating Value Through Board Excellence.”  The committee will issue guidelines for webinars, recruit program commitments from PDA Chapters, and coordinate all webinar programs.

Chapter Committees 

Membership and Engagement

The Membership and Engagement Committee develops processes which encourage membership in the Private Directors Association® and its Chapters; promotes interest in membership; and works with members on annual membership renewals.

The Committee’s Engagement Team reaches out to all New Members to welcome them to PDA and provide guidance as to PDA’s Resources; Events Schedules; and creating connections to other Members of interest. Also, the Engagement Team will reach out to all members and invite them to participate on a Committee where they can make a difference and further engage in networking.

The Committee uses the Event Lists to identify Guests who would like to have questions answered, be introduced to PDA Members, and will invite all Guests to consider a quick pathway to Membership.

Sponsorship

The Sponsorship Committee defines requirements for levels of local sponsorship; develops benefits which encourage sponsorship of the Chapter; reviews applications and interviews companies interested in sponsorship; responsible for communicating with sponsors on annual renewals; works with the Treasurer in setting annual sponsorship fees; works with the Communications and Marketing committee to provide sponsor logo and other information for communication of sponsorship.

Program, Speaker and Education

The Program and Speaker Committee’s focus is to source subjects and presenters to create monthly programs for members and private company owners/managers related to practical experiences in effective private company governance; prepares a budget for approval by the Chapter Board of Directors for speaker and venue costs; annually prepares a calendar of programs for the Chapter in conjunction with the Education Committee; solicit speakers, panel members, moderators for each program event; works with the Sponsorship Committee in developing venues for each program; provide program information to the Communications Committee. Sub-Committees to the Program and Speaker Committee can include:

  • Middle Market: The Middle Market Sub-Committee focuses on developing relationships with the owners and CEOs of middle market companies; assisting owners and CEOs in development of Boards of Directors; assisting owners and CEOs in finding Directors for their Boards; educating owners and CEOs on effective board management and governance.

  • ESOP: The ESOP Sub-Committee focuses on educational materials and experiences related to private company governance issues in companies that are partially, or entirely owned, by its employees through an employee stock ownership plan (ESOP), an ERISA regulated defined benefit plan that invests primarily in the stock of the sponsoring privately-held company; focuses on developing relationships with the owners and CEOs of ESOP companies; assisting owners and CEOs in development of Boards of Directors; assisting owners and CEOs in finding Directors for their Boards; educating owners and CEOs on effective board management and governance.

  • Private Equity & Family Office: The Private Equity Sub-Committee focuses on developing relationships with the owners and CEOs of Private Equity companies; assisting owners and CEOs in development of Boards of Directors; assisting owners and CEOs in finding Directors for their Boards; educating owners and CEOs on effective board management and governance.

  • Early Stage: The Early Stage Sub-Committee focuses on developing relationships with the owners and CEOs of early stage companies; assisting owners and CEOs in development of Boards of Directors; assisting owners and CEOs in finding Directors for their Boards; educating owners and CEOs on effective board management and governance.

  • Education: The Education Sub-Committee focuses on educational materials and experiences related to effective private company governance primarily through small breakfast programs; other formats may include seminars, publications, white papers, and other relevant materials.

Nominating and Governance

The Nominating and Governance Committee will perform a leadership role in shaping the PDA Chicago Chapter governance and overseeing the composition, structure, operation and evaluation of the board and its committees. It reports to the Board of Directors, recommends individuals for Director, Officers, Executive Committee, and Committee Chairs.

Social Events

The Social Events Committee creates ideas and a calendar for annual social events; organizes all events; develops, in conjunction with the Communications Committee, communications for the all events; develops a budget for approval by the Chapter Board of Directors; specific events to include, but not limited to, December Holiday Party, Summer Social, Annual Golf Outing.

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