Chicago Breakfast | The Effective Director

Tuesday, August 07, 2018
07:30 AM - 09:30 AM CST
Sugar Felsenthal Grais & Helsinger
30 North LaSalle Street, Suite 3000
Chicago, IL 60602



A board of directors is only as strong and effective as its members.  While most board members have good intentions, many have little to no experience serving on a board.  A Stanford study from 2015 revealed that 65% of boards didn’t feel their board was experienced.  48% didn’t believe that board members were engaged in their work.  Sometimes board members unconsciously, and sometimes intentionally, sabotage the boards on which they serve.  Either way, they ignore various pitfalls that can undermine their effectiveness.

What traits do excellent directors have?  How can YOU be an effective director?  Come learn from seasoned directors and leaders of private, public, and not-for-profit companies, as they explore the role a director plays and pertinent characteristics of an effective director.





Bradley Scher
Managing Member
Ocean Ridge Capital Advisors, LLC

Bradley Scher is currently the Managing Member of Ocean Ridge Capital Advisors, LLC, a privately held consulting firm formed in 2002 to provide financial and operating consultative services to institutional investors, boards of directors of public and private companies, and to managements of public and private companies.  Brad has been a member of over thirty boards of directors of both private and public companies, where he often serves as the sole or one of the few independent directors appointed to the board.  Prior to the formation of Ocean Ridge, Brad was a Managing Director for PPM America, Inc., managing in excess of $1 billion of investments for a special situations fund. 


Jon Vegosen 
Co-Founder & Former Co-Managing Member
Funkhouser Vegosen Liebman & Dunn Ltd.

Jon Vegosen is a co-founder and former co-managing member of Chicago corporate and litigation law firm Funkhouser Vegosen Liebman & Dunn Ltd.  He has served on approximately 20 private and not-for-profit boards over the past 42 years.  Jon was the 2011-2012 Chairman of the Board, President, and CEO of the United States Tennis Association and Chairman of the US Open.  He is currently Chairman of the Board of the Intercollegiate Tennis Association.


Lou Weisbach 
Founder & CEO
Merch Time, LLC

Lou Weisbach is currently the founder and CEO of Merch Time, LLC.  He is the former founder and CEO of publicly held HA-LO Industries (27 years), the former CEO of Stadium Capital Financing Group, and the Co-Founder of The American Centers for Cures initiative.  Lou has served on several private and not-for-profit boards of directors.



Jonathan Friedland
Sugar Felsenthal Grais & Helsinger LLP

Jonathan Friedland is a partner with Sugar Felsenthal Grais & Helsinger LLP.  Jonathan represents closely-held businesses and their principals, private equity funds and others with their corporate and transactional business needs and significant commercial relationships. Jonathan also has extensive experience in guiding companies and their constituents through a variety of challenging situations, including in Chapter 11. He also represents asset-based lenders, with a focus on specialty lenders, in structuring and enforcing their loans.  In addition to practicing law, Jonathan is the founder and chairman of DailyDAC, LLC, d/b/a Financial Poise,™ an online provider of continuing education, information, and business intelligence for business owners, investors, and their respective trusted advisors.