Are investor-owned private companies getting the most out of their boards? How might a fresh look at the board’s role better equip investor-owned companies for marketplace challenges, unforeseen risks, and outsized opportunities? Indeed, the spotlight on private company governance has never been brighter, as venture capital and private equity investors look to drive growth and efficiency on both new acquisitions and current portfolio companies.
Join us for a roundtable discussion on how directors, investors, and executives can align on board composition, skills, and processes to help their companies better prepare for the long term, including transitions and transactions. The roundtable will be led by Ari Weinberg from the KPMG Board Leadership Center and Paul Street of Hawley Troxell and include insights from Building a Foundation for Growth: Governance in Investor-Owned Private Companies from the NACD Director’s Handbook Series.
Paul Street has returned to the private practice of law, joining Hawley Troxell in an of-counsel role. He has practiced law for over 44 years, half of which was spent in private practice at Moffatt Thomas. In 1999, he became general counsel and corporate secretary of Building Materials Holding Corporation—a publicly held lumber and building materials distribution company. In 2015, it merged and became BMC Stock Holding Inc. (Nasdaq: BMCH), and Street became general counsel and corporate secretary of the merged company. BMCH is a leading provider of diversified building products and services in the U.S. residential construction market, with over 3 billion in sales, approximately 10,000 employees, and 93 distribution locations in 18 states. In 2017, Street transitioned from his role as general counsel and subsequently retired, although he continues to provide services to BMCH on a consulting basis. In his role as general counsel for BMCH, he oversaw the legal aspects of financing of the corporation through asset-based loans and the issuance of notes. In his role as general counsel and corporate secretary, he had responsibility for SEC filings and compliance along with corporate governance. Currently, Street serves on the Board of Pacific Lumber Company, the Board of Trustees for College of Idaho, and the Governing Committee for the Leukemia and Lymphoma Society Boise Chapter.
Ari I. Weinberg focuses on content and programs for the KPMG Board Leadership Center (BLC), specifically private company governance and supporting the firm’s sponsorship of the WomenCorporateDirectors Foundation. He was the lead contributor to Building a Foundation for Growth: Governance in Investor-Owned Private Companies from the NACD Director’s Handbook Series. Prior to joining KPMG in 2012, Weinberg led online content and application development for The Wall Street Journal, SmartMoney, and FiLife brands within Dow Jones. He previously covered financial services companies, regulatory developments, and financial markets for Forbes and The Industry Standard. He has also worked for two private equity firms as an associate conducting due diligence and deal sourcing. After studying Classics at Princeton University, Weinberg earned an MBA from Harvard Business School with a concentration in Corporate Finance and Investment Management.