Are young and growing companies getting the most out of their boards? How might a fresh look at the board’s role better prepare private companies for marketplace challenges, unforeseen risks, and outsized opportunities? Indeed, the spotlight on private company governance has never been brighter as high-profile start-ups and their investors and directors have been thrust into the national conversation around workplace culture, board oversight, and business practices.
Join us for a panel discussion on how directors, investors, and executives can align on board composition, skills, and processes to help early-stage companies better prepare for the long term. We will cover questions such as:
How should boards add value to private companies?
What should an early-stage CEO be looking for when recruiting independent directors?
What are key considerations for those invited to join an emerging growth company board?
How can board members assess the company culture and assess any potential issues that may arise?
Panelists will draw on their extensive experience with local and national private and public companies, as well as insights from Building a Foundation for Growth: Governance in Investor-Owned Private Companies from the NACD Director’s Handbook Series.
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.
Stephen Babson joined Endeavour in 2002. Since that time, he has worked with companies in the food and consumer, specialty retail, niche manufacturing/industrials, transportation and logistics, and business services industries. He serves on the boards of ESCO Corporation, Zoom+care, USNR, New Seasons Market, Bristol Farms/Metropolitan Market (Good Food Holdings), Vigor Industrial, Genesis Financial Solutions, Johnny Was, Pacific Market International, and OFD Foods. Before joining Endeavour, Babson was the chairman of Stoel Rives LLP, one of the largest law firms in the Pacific Northwest. At Stoel Rives, his practice focused on mergers and acquisitions and securities transactions. In addition to his roles on Endeavour boards, Griffin serves on the boards of Columbia Sportswear Company and Pendleton Woolen Mills and is a former board member of Roseburg Forest Products.
Peter Stott has been president of Columbia Investments Ltd. since 1983. He is also the executive chairman and CEO of Market Express LLC. In addition, he served as the vice chairman and a principal of the real estate private equity firm ScanlanKemperBard Companies from 2005 to 2010 and as CEO of that company from 2008 to 2010. Stott was cofounder and former president and CEO of Crown Pacific from 1988 to 2004, as well as the founder and former chairman and CEO of Market Transport Ltd. from 1969 to 2006. Market Transport Ltd., which was one of the largest “asset-based” transportation and logistics services companies headquartered in Oregon, was acquired in 2006 by UTI Worldwide and subsequently, in 2015, by DSV Global Transport and Logistics. Stott is a member of the Board of Directors of Gerding/Edlen Development Company and the Board of Directors for Omega Morgan. He is a former board member of River Point Farms, America’s largest onion grower, and Con-way Inc. He also is a former board member of Liberty Northwest Insurance Company, a Liberty Mutual Company.
For the past 30 years, Jim Richardson has served in various executive and director positions, primarily in high technology companies. His educational training was in management (MBA), finance, and law. He is both a CPA and an attorney. His director education activities have included attending the Stanford Director’s College, NACD membership, and participating in numerous sponsored events, which resulted in his becoming an NACD Board Leadership Fellow. He served on the board of the NACD Northwest Chapter from 2013 to 2015. In addition to his current board service, Richardson has served on the boards of several public and private companies that have been acquired. including FEI Company, AvantGo, Plumtree Software, Epicor Software, and Tripwire, Inc. On those boards, he served in various roles, including chairman, audit chair, compensation chair, and nominating and governance committee member. Currently, Richardson serves on the board of Digimarc where he is the lead independent director and a member of all three board committees. He also serves on a number of nonprofit boards, including Lewis & Clark College (currently as a life trustee, where he served as the board chair from 2011 to May 2013), the Oregon Historical Society, and the Oregon Sports Authority.
Jeff Bird is a transactional business lawyer with more than 25 years of experience representing public and private businesses in complex business transactions and securities matters. He counsels businesses of all sizes in mergers and acquisitions, public and private securities offerings, tender offers, proxy contests, divestitures for public and private companies, corporate finance and governance, securities law and venture capital transactions. Jeff has extensive knowledge of SEC compliance matters and regularly advises public companies on corporate governance issues and SEC periodic reporting requirements under the Securities Exchange Act of 1934. He advises and works closely with boards of directors, board committees, special committees and management.