Understand Who Should Be on Your Board? “I Don’t Think You Do…”
In a memorable moment on Seinfeld, Jerry's expectation of what having a rental car reservation means (versus the perspective of the rental car company that had the reservation – but no car) makes me think about a similar disconnect that plays out daily in the capital markets.
NOVEMBER 28, 10:30AM PT
Don't Miss Out
The next webinar in the TCA series is tailored to Pre-IPO CEOs who commonly ask advisors the question: “Who should be on my board?”
But to avoid repeating the value-destructive mistakes made by generations of founders who preceded them, they should be asking: “Who should definitely not be on my board?”
5 Financing Mistakes Small-Caps Make, and the Industries That Hope It Continues
The good news is that most serial corporate finance mistakes are avoidable – it’s predominantly a matter of education. The bad news is that every small public company I’ve interacted with makes at least one out of five critical capital raising mistakes.
For exclusive buy-side insights from Adam J. Epstein
My Sit Down with BoardProspects’ CEO Mark Rogers
BoardProspects CEO, Mark Rogers, had a chance to sit down for a wide-ranging discussion with globally-renowned boardroom speaker, author, advisor Adam J. Epstein. Part 1 of 4 is below. Enjoy!
BP: I think most people probably know that you were an institutional investor, and that your firm Third Creek Advisors, LLC advises lots of boards, but some might not know that you wrote a corporate governance book that made it to #1 in its vertical on Amazon. For those of us who've not written a book - but might - what are 3 things we should keep in mind to reach #1?
AJE: I was listening to Paul McCartney talk about songwriting a few weeks ago, and he said that he never really wrote a song to be a hit, rather he wrote the kind of songs he likes to listen to. In a way, I think writing books is the same thing, Mark. I wrote The Perfect Corporate Board, because I wished a resource like it existed when I was a CEO, and an investor, and a board member. Three things, eh?
OK, here's my three: (1) make sure you get the introduction right, because most people don't continue reading when the beginning of a book is crummy; (2) if you can say it in 10 words, you can also probably say it in 7; and (3) find a great editor, and do whatever they tell you.
BP: Even people who might not know you, have probably heard your catchphrase that "better governed companies... make more money." Where did that come from?
AJE: When I first started advising boards, I had dinner with a CEO who was pretty dismissive of the value of boards. When we were leaving the restaurant he said, "Adam, I frankly just feel like it's a form-over-substance waste of time." I asked him, somewhat rhetorically: "So the folks who manage trillions of dollars - BlackRock, State Street, Fidelity, etc. - you reckon they are laser-focused on the boardrooms of their portfolio companies because they think it's, what, academically interesting? These are the most capitalistic entities on the planet; they are hell bent on corporate governance, because they know - 100 percent - that better governed companies make more money." It wasn't an auspicious start to the catchphrase though... they didn't hire my firm!
BP: I can't let the McCartney reference go by without asking: Beatles or Stones?
AJE: Let the record reflect that there was no hesitation in the answer: Beatles. Though I was born in the U.S., I actually grew up about 200 yards away from the Abbey Road crosswalk. But there is absolutely no truth to the myth that I have a stolen Abbey Road street sign hanging in my office. To the best of my knowledge, it's on "extended loan" from the St. John's Wood town council.
View Adam's new webinar "Five Blunt Reasons Your Board Search Has Been Unsuccessful" in BoardU.
Third Creek Advisors
Nasdaq Facebook Live
Live from Nasdaq’s Times Square studio, a discussion of how U.S. small-caps are impacted by a one-size-fits-all market structure, and unique investor communication challenges.