The University of Vermont

Vermont Family Business Initiative

Building A Better Board

Date: May 05, 2005
Time: 8:00am - 1:30pm
Presented By: Joe Astrachan, Ph.D.
Location:

 The Inn at Essex, Essex, Vermont


Description:

Family and privately owned businesses often run the risk of operating within a vacuum. Businesses that have implemented and utilize an effective Board of Advisors have discovered how beneficial a Board can be. A well chosen and organized Board of Advisors can provide expertise across generations, skill areas and industries. Conversely, a poorly chosen Board can become an obstacle to business success and a burden to transition. Whether your business has already formed a Board of Advisors or is in the early stages of consideration, this forum will examine how an effective Board can become an important tool in managing, growing and transitioning your business.

What you and your business will take away from attending this forum:

  • Implementing selection criteria and guidelines for selecting individuals (family, non-family, internal, external, etc.)to serve on your Board;
  • Identifying the critical role that a Board can play in preparing for transition;
  • Understanding the differences, advantages and disadvantages of having a Board of Advisors vs. a Board of Directors, and when each is most appropriate.

 

Presenter Bio:

 A principal of The Family Business Consulting Group, Inc., Joe Astrachan holds the Wachovia Eminent Scholar Chair of Family Business and is Director of the Cox Family Enterprise Center at the Coles College of Business, Kennesaw State University in Marietta Georgia. He also holds a research chair at Loyola University Chicago’s business school where he directs the research efforts of their well-known Family Business Center.

 

Astrachan is editor of Family Business Review, a scholarly publication of the Family Firm Institute (FFI) of which he is a former board member. He has been involved with such lobbying groups as The Committee to Preserve American Family Businesses, Family Businesses of America, and the Center for the Study of Taxation; is a member of the Academy of Management, Southern Management Association, National Association of Business Economists and the Family Business Network; a founding member of the Yale Program for the Study of Family Firms; a member of the team that designed and conducted several national research projects; and director of Kennesaw State University’s Estate Tax Research Program.

 

Astrachan received the Richard Beckhard Award, which is the Family Firm Institute’s highest honor for contributions to the field of family business. He also received the International Family Business Program Association’s Lifetime Achievement in Research Award. In addition, he is a founding board member and fellow of the International Family Business Research Academy.

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    Program Grants Available

    Non-credit workshops and courses only

    Employees working in the industries of: manufacturing, healthcare, informational technology, telecommunications, and environmental engineering may be eligible for up to a 50% discount on courses. This grant is offered through a partnership with the Vermont Training Program and the Department of Economic Development. For more details call 888-222-3413 or 802-656-4033.

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