A strong board should be made up of a diverse group of individuals who bring varying skill sets and experiences to the table. It’s important to have a board that not only represents a range of backgrounds and perspectives but also one that can challenge and hold each other accountable. Our team of experts will help you define the qualities that make an ideal board member and find the right match for your business.
Take a look at the types of boards below. All businesses are required to have a minimum of what we call a Paper Board; essentially this is a set of names on paper that you may or may not contact throughout the year. However, the most successful family businesses have fully-operational Advisory Boards and Fiduciary Boards. That's where we come in.
We start by getting to know you and your business. We’ll work with you to identify gaps in your board’s skillset and determine what attributes are most important to you. Our team will then use our extensive network to find potential candidates that meet your requirements while also bringing a fresh perspective to your business. We don’t believe in a one-size-fits-all approach, so we’ll take the time to understand your unique needs and tailor our search accordingly.
Once we’ve identified potential candidates, we’ll filter applicants to determine whether they’re the right fit for your board. We’ll provide you with a detailed report on each candidate’s strengths and weaknesses so that you can make an informed decision. Our team will also be available to provide support and guidance throughout the entire process.
Boards and governance resources
Explore the basic types of boards with this webinar from Drew Larson at BrownWinick Law Firm. He looks at this crucial tool from the legal perspective and covers paperwork, filings, requirements of paper trail, pay (1099 vs w-2 vs other), fiduciary versus advisory boards, and owner board members versus non-owner family board members.
Ask Kristen about board matchmaking
If you're on the lookout for a board member from another family or if you'd like to serve on a family business board yourself, reach out to Kristen. We've launched a program to connect family businesses to each other and share their expertise / experiences.