02:00 PM - 03:30 PM (Pacific)
03:00 PM - 04:30 PM (Mountain)
04:00 PM - 05:30 PM (Central)
05:00 PM - 06:30 PM (Eastern)

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Overview

Much of the work of a corporate board of directors happens not at board meetings but, rather, in between them- - at committee meetings. Among other things, they perform much of the oversight and advising tasks that boards are responsible for. 

As pointed out by Kevin D. Chen of the University of Pennsylvania and Andy Wu of Harvard Business School in their 2016 Working Paper, titled, The Structure of Board Committees, board committees provide three basic benefits: (a) through the process of decentralization, committees allow for knowledge specialization; (b) such specialization allows for a more efficient task allocation to directors; and (c) they tend to increase accountability of individual directors. Best corporate governance practices, therefore, usually include the critical work done by committees in between full board meetings. 

Episode #5 of Bare Bone Board Basics, Committees of a Board & Work Between Board Meetings, sketches out the basic committees of a board; discusses best practices regarding how committees should be structured, operate, and interface with the Board as a whole; and suggests how committees should be comprised.  

This webinar and the series of which it is a part are co-production of certain chapters (Alabama, Dallas, DC Metro, Nashville, New England, New York Metro, Tampa Bay & Wisconsin) of the Private Directors Association®, Executive Forum™, Private Director Symposium™, ChamberWise™ & Financial Poise™

Thank you to our National and Gold Chapter Sponsors!

Panelists

Elaine Eisenman Seasoned Independent Board Member

• Elaine has served on public, private, PE, non-profit, start-up, family and advisory boards for over 20 years. She is an independent director of DBI (NYSE), a vertically integrated shoe manufacturer and retailer, chairs the Compensation Committee and is a member of the Audit Committee.
• She is Managing Director of Saeje Advisors, providing strategic advisory services to private companies, and a faculty member at Entrepreneurship Policy Advisors, developing entrepreneurial ecosystems through growing and scaling companies. She was a senior executive for several global public companies, and a Professor and Dean of Executive and Enterprise Education at Babson College.
• She is the coauthor of Betrayed: a survival guide to lying, cheating, and double-dealing, and of I Didn’t See it Coming: How to avoid being blind-sided in business.

Lori Marcus Experienced Independent Director

• Ms. Marcus serves as an independent board director on public and private company boards --  Fresh Del Monte Produce, Inc. (NYSE:  FDP) and 24 Hour Fitness.
• Until recently she also served on the boards of Golub Corporation (d.b.a Price Chopper/Market 32 grocery stores), Phunware (NASDAQ:  PHUN), DDC (DNA Diagnostics Center), and Talalay Global. 
• She is also a board member for SHARE Cancer Support and Vice Chair of the Board for the MMRF (Multiple Myeloma Research Foundation).
• She comes to board work after a long career as a c-suite operating executive in leading consumer companies -- PepsiCo, The Children’s Place Retail Stores, Keurig Green Mountain, and Peloton Interactive.
• Ms. Marcus earned her BS degree in Marketing from the Wharton School of Business, University of Pennsylvania.

Allan Grafman Managing Partner JMJ Advisors, LLC.

Allan Grafman has served on 12 boards, including 4 public, 4 private equity-owned and 4 venture-sponsored. He is currently Chair of the Audit Committee of a public company (IDW) and also Audit Committee member for a REIT, and has served on Compensation and Governance Committees as well.   Specific past experience includes serving as the Chairman of the Board of a Nasdaq listed video game company and other entertainment, media and consumer focused entities.  He is currently a licensed investment banker raising capital for companies. Allan comes to board service building on executive roles at All Media Ventures, Archie Comics, Hallmark, Tribune, ABC and Disney.  He received his BA from Indiana University (PBK), Masters (Fellow) and MBA from Columbia (BGS).

Moderator

Jonathan Friedland Partner Sugar Felsenthal Grais & Helsinger LLP

• Jonathan Friedland is a partner with the Sugar Felsenthal law firm.
• He regularly advises boards of directors and owners of companies in financial distress.
• Jonathan has been representing companies in out-of-court workouts, chapter 11 bankruptcy, and controlled liquidations for more than 25 years. He also has broad and substantial experience in acting as outside general counsel to clients and in running both a wide variety of corporate transactions, and a wide array of commercial litigation.
• He is widely recognized as a leading corporate restructuring and insolvency attorney. He has been rated for many years as AV® Preeminent™ by Martindale-Hubbell, 10/10 by AVVO, and 10/10 by Justia. Jonathan is the principal author of two leading legal treatises, and his scholarship is widely cited by legal scholars. He formerly served stints as an Adjunct Professor of Strategic Management at the University of Chicago’s Graduate School of Business and as a Clayton Center for Entrepreneurial Law Visiting Professor of Business Law at the University of Tennessee College of Law. More information here.

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