Private and Family Owned Business: Challenges, Opportunities and How Can a Board Contribute?
Family and Private Business Centers provide valuable resources to businesses. These include opportunities for learning from others with similar businesses, similar ownership challenges and issues relating to the ongoing governance and growth of the business.
To the point of Governance, The Private Directors Association is a resource for Private and Family Businesses and Business Centers and Groups that support them.
Having a board that includes independent advisors in addition to the ownership representation can help with a variety of cross-industry experiences and insights to cultivate a vision for success. Click here For More Information on the Value Private Companies Receive from Their Boards
We are also a resource for board members. At the end of 2018, we had nearly 700 board ready members, and we have helped to place numerous independent Board members on Private Company Boards around the country.
We have been a resource for the Loyola Family Business Center in Chicago as well as the Wake Forest Center for Private Business and are in the process of extending that reach to other Centers throughout the United States.
The Private Directors Association® understands that there are many unique elements to Private and Family Businesses.
The Private Directors Association® includes many members who have counseled and coached owners through the issues that take place outside the walls of the company, but are amplified by bringing home to work.
The focus of PDA is on the Board. Our goal is to support Private and Family Business Centers and work with their member companies to provide a resource for the board related issues.
The Private Directors Association and its members are resources to Private and Family Business Centers for helping build company value by assisting in the formation and strengthening of effective boards.
The Private Directors Association® currently has many consultants who have worked specifically on Board governance issues. Please contact us for more information.
The Private Directors Association® works with Centers and their member companies to help them build and strengthen the appropriate type of board, whether fiduciary or advisory, and helps them to understand the differences between these two as well For More Information.
The Private Directors Association® understands that there are many issues that are unique to private and family company boards and has resources to work with Centers to help them address these issues.
For more information on how PDA can work with your Private and Family Business Center, please contact the Chair of The Private Directors Association® Private and Family Business Center Committee: