September 2021 Bar Bulletin
By Al Davis
Most small and mid-sized businesses already have a board of directors. In fact, if they are organized as a corporation, they are required to have a board. But many boards are made up of family members in a family-owned business or friends and sometimes investors in a mid-sized company. But is this really the best we can do?
A notable trend in business over the past few years has been pressure on public companies to upgrade their governance practices by having a majority of independent directors. Many private companies should be doing the same. There are a number of...