Finatal’s Post

Executive Search firms are predicting a large increase in CEO exits in the next year plus. The average tenure of S&P 500 finance CEOs has risen to 11 years, the longest since the 2008 financial crisis. Many have stayed on to see their companies through the Covid-19 crisis, but now are ready to "step-out". These changes at the top bring on complex challenges of their own.

Insights from our recent KPMG Private Enterprise Business Survey reveal a significant trend among Canadian family business leaders: a remarkable 79% are expediting succession plans due to mounting external and internal pressures. Over 73% aim to transition their businesses within 3-5 years, driven by factors like evolving business landscapes, technological disruptions, tax changes, and intricate family dynamics. Planning is crucial during this transformative period. Are you contemplating accelerating your business succession plans? Explore more insights from our survey and learn how family businesses can navigate these transitions. https://lnkd.in/g7kkZYN8 #KPMGFamilyOffice #KPMGPrivateEnterprise #SuccessionPlanning #FamilyBusiness

Skip the paperwork and connect with top-notch interim executives who are ready to make an immediate impact. Get in touch for further information. https://bit.ly/3Q3PFSz #InterimExecutives #LeadershipHiring

Listen below for a great summary of the economic/business climate from our own CEO, Alan Chaffee. #economy #recession #middlemarket #provisors #tma #rma #acg

How Can Your Private Equity Firm Get the Edge in Today's Competitive Landscape? Progressive private equity firms look for their boards to better align with business needs, ensure cultural fit of board members, as well as establish appropriate structures for good governance and value creation. These firms understand that independent directors provide these elements along with objectivity and diversity of thought to their boards. The Private Directors Association (PDA) has highly qualified candidates across the country who could be independent directors for your PE firm. When your firm wants to refresh its board, rely on PDA's ecosystem to find the right candidates. This includes PDA's complimentary, non-exclusive posting service for fiduciary and advisory board roles in private companies. The service focuses on: - Private equity portfolio companies and investment firms - For-profit organizations, including those that are family-run - ESOP-based organizations Post board opportunities: https://bit.ly/3XKYdkY Get additional information: admin@privatedirectorsassociation.org #boardsofdirectors #governance #leadership #privateequity #familybusiness #ESOP #executivesandmanagement

How Can Your Private Equity Firm Get the Edge in Today's Competitive Landscape? Progressive private equity firms look for their boards to better align with business needs, ensure cultural fit of board members, as well as establish appropriate structures for good governance and value creation. These firms understand that independent directors provide these elements along with objectivity and diversity of thought to their boards. The Private Directors Association (PDA) has highly qualified candidates across the country who could be independent directors for your PE firm. When your firm wants to refresh its board, rely on PDA's ecosystem to find the right candidates. This includes PDA's complimentary, non-exclusive posting service for fiduciary and advisory board roles in private companies. The service focuses on: - Private equity portfolio companies and investment firms - For-profit organizations, including those that are family-run - ESOP-based organizations Post board opportunities: https://bit.ly/3XKYdkY Get additional information: admin@privatedirectorsassociation.org #boardsofdirectors #governance #leadership #privateequity #familybusiness #ESOP #executivesandmanagement

How Can Your Private Equity Firm Get the Edge in Today's Competitive Landscape? Progressive private equity firms look for their boards to better align with business needs, ensure cultural fit of board members, as well as establish appropriate structures for good governance and value creation. These firms understand that independent directors provide these elements along with objectivity and diversity of thought to their boards. The Private Directors Association (PDA) has highly qualified candidates across the country who could be independent directors for your PE firm. When your firm wants to refresh its board, rely on PDA's ecosystem to find the right candidates. This includes PDA's complimentary, non-exclusive posting service for fiduciary and advisory board roles in private companies. The service focuses on: - Private equity portfolio companies and investment firms - For-profit organizations, including those that are family-run - ESOP-based organizations Post board opportunities: https://bit.ly/3XKYdkY Get additional information: admin@privatedirectorsassociation.org #boardsofdirectors #governance #leadership #privateequity #familybusiness #ESOP #executivesandmanagement

How Can Your Private Equity Firm Get the Edge in Today's Competitive Landscape? Progressive private equity firms look for their boards to better align with business needs, ensure cultural fit of board members, as well as establish appropriate structures for good governance and value creation. These firms understand that independent directors provide these elements along with objectivity and diversity of thought to their boards. The Private Directors Association (PDA) has highly qualified candidates across the country who could be independent directors for your PE firm. When your firm wants to refresh its board, rely on PDA's ecosystem to find the right candidates. This includes PDA's complimentary, non-exclusive posting service for fiduciary and advisory board roles in private companies. The service focuses on: - Private equity portfolio companies and investment firms - For-profit organizations, including those that are family-run - ESOP-based organizations Post board opportunities: https://bit.ly/3XKYdkY Get additional information: admin@privatedirectorsassociation.org #boardsofdirectors #governance #leadership #privateequity #familybusiness #ESOP #executivesandmanagement

As PE hold periods lengthen and economic headwinds intensify, it's critical that investors have the right portfolio talent and capabilities in place to emerge stronger than before. Redgrave's Executive Interim Management practice provides proactive business solutions to help PE firms maximise value. Our Interim Executives bring deep industry expertise and a proven track record of success in driving transformation, accelerating growth, and improving performance. Learn more in our article on #ValueCreation in Private Equity. https://ow.ly/hAxA50PVuMK

I am not sure whether it is time to let shareholders choose the CEO. As a retail investor, the last thing I would want is institutional shareholders to choose the CEO. I think shareholders should constantly monitor the quality of the board and the board processes to secure good succession. They should put pressure on boards to reevaluate their CEO choices if shareholder value relative to market is not delivered. They should also urge boards to act quicker. I think the issue with UK governance is that former executive board members are not normally considered for boards of the company that they know so well. I do understand why you do not want the former CEO or CFO to stay on as non-executive, although even this is not uncommon in European companies. However, appointing at least one former executive board member after a short cooling off period to join as non-executive could be very benificial for the main board. They know the real stories, they know the strengths and weaknesses of people as leaders within the context of day to day operations. I think UK governance could learn from Europe and vice versa.