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why_a_board
WHY BUILD A BOARD OF DIRECTORS?
"Everybody expects me to come up with all the ideas," said Steve Jobs.
"That’s not how you build a strong company."
PROMOTE ACCOUNTABILITY
Boards promote accountability across your organization. They provide a critical sounding board to test ideas, initiatives and strategies and prevent the "Emperor Has No Clothes" syndrome. Everybody has to report to somebody, and the board helps reinforce accountability and urgency.
DRIVE PERFORMANCE
Boards drive performance by forcing clarity about strategy and direction. They make the company prioritize initiatives and resources to achieve critical goals in a timely fashion. They eliminate distraction and encourage momentum in profitable directions.
91%
Percent of companies reported
INCREASED EBITDA since
implementing a Board of Directors
(2023 Private Company Board Compensation Survey)
EXTEND NETWORKS
Boards extend your connections and access to places and people you can't reach. They help you see the unseen, explore unknown territory and provide a litmus test on risk.
LEND CREDIBILITY
Board members lend credibility to customers, associates and stakeholders. With a board people know you are serious and professional - it raises your credibility in the marketplace.
PROVIDE "AIR COVER"
Boards untangle interpersonal challenges among team members, family, and equity shareholders. They provide "air cover" to the CEO for tough decisions ("the Board recommended"). They can help reconcile differences between management and shareholders, particularly with regard to resource allocation.
about
WHY LODESTONE GLOBAL?
We work with mid-size, private, often family-run companies
that are building or improving their board of directors
WHY LODESTONE GLOBAL?
We work with mid-size, private, often family-run companies
that are building or improving their board of directors
BOARD
AUTHORITY
We are the world class authority on Private Company Governance. Our clients have won “ADVISORY BOARD OF THE YEAR”, Our partners have been named “PRIVATE COMPANY DIRECTOR TO WATCH” and our work has been published in Directors & Boards, Private Company Director, Family Business and Forbes Magazines.
JEFF TAPICK, PRESIDENT & CEO, MARTIN PREFERRED FOODS
"Lodestone Global has been absolutely instrumental in the process of creating an Advisory Board for my family business. Bernie has earned our trust and admiration as an advisor and friend. If his counsel is a preview/proxy for how a board can help us, I am even more convinced than before that we will greatly benefit from the outcome of this process."
Learn more about Martin Preferred Foods
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