The Private Directors Association® believes great governance creates value in private companies, increasing stakeholder confidence and ensuring competitive advantage. In this series of 15-20-minute podcasts you will hear PDA members –owners, executives, independent directors and service providers–share their passion for governance based on healthy accountability, respect for process and collaborative behavior. To the PDA community, governance is so much more than compliance with regulation and legislation. It creates value through:
improving sustainability * managing risk * evaluating opportunities * providing advice and counsel to the CEO * evaluating and enhancing the strategic plan * ensuring the executive team are the right people to execute the plan * aligning compensation and management incentives with shareholder objectives *
SHINE: Governance Illuminated episodes are released bi-weekly. Listen here or subscribe through your usual podcast provider. (links to apple, google, etc here)
Matot makes goods elevators—dumb waiters—used in the hospitality, healthcare and hi-tech industries, and in many other sectors. The company was founded in Chicago by Duffy Matot more than 130 years ago. Today, his two great-granddaughters Cece and Anne work in the company and sit on the board. These sisters are doing it… Cece, the board chair, talks to Budd Berro about the value created by the all-woman board at Matot.