Boise I Family Business Board
Over 90 percent of American businesses are family owned or controlled, including 40 percent of the Fortune 500, including companies like Ford Motor and Walmart. The board of directors of a family owned or controlled company has a unique set of challenges. Ideally, a family shares common goals and values, but frequently the family itself splinters, especially if money is involved. The failure of family relationships as the company moves from generation to generation can cause the failure of the company. Plus, the business acumen of the first generation frequently leads to the caution of the second generation and the frivolity and eventual poverty of the third generation. One effective antidote is a strong, viable and independent board of directors. The panel discussion will cover practices used by family owned or controlled businesses to preserve and enhance the special advantages of a family business and mitigate its destructive tendencies.
Location and Time
The Arid Club
1137 W River St
Boise, ID 83702
5:00 - 5:30 pm: Check in and Networking
5:30 - 7:00 pm: Program
Ned PontiousNed Pontious is the President of Norco Inc, the US’s largest privately held producer and distributor of industrial gases, welding equipment and homecare medical equipment. Norco is also a minority ESOP company. Ned serves on the Board of Norco, and holds a board position with Franklin Building Supply. He is the Past Board Chair for the Treasure Valley YMCA.
Gary MahnGary Mahn served on the Idaho Independent Bank Board of Directors from 1995 to 2016. He was a founder and owner of Learned-Mahn, a Boise based software company, and, owned Fisher’s Technology, Inc., a Boise based office solutions company. He currently serves on the Idaho Endowment Fund Board.
Jeff GouldJeff Gould has served on the Board of Directors for Anthony’s Restaurants since 2001, and chairs the family council of this family owned and operated business based in Seattle. Jeff recently retired from Idaho Fish and Game where he served as the Chief of Wildlife since 2008.