An article authored by Partner Susan Schroeder was published by the National Association of Corporate Directors. Susan discusses several aspects of corporate governance that are important to family businesses and may require different treatment than at venture-backed private companies or public companies. The key issues discussed are corporate strategy, succession planning, recruiting and retaining key talent, and performance evaluations. When discussing these issues, it is important for family business board members to communicate with all stakeholders in a transparent manner and to ensure that all relevant parties have a voice in conversations related to the business.
CAP Partner, Susan Schroeder, discusses what private companies can do to remain competitive in the current economic environment and be able to attract and retain the talent needed to run their businesses. In today’s environment, the attraction and retention of talent is broader than just focusing on salary, annual bonus, and long-term incentives. Private companies can really differentiate themselves by an enhanced focus on “total rewards.” Employees care about other aspects of work that may not be directly compensation-related but have value to them. There is also a renewed focus on company culture and an organization being considered a “good” place to work.
CAP Partner, Susan Schroeder, is featured in NACD Directorship Magazine – Spring 2022 for being honored as a 2022 NACD Directorship Top 100 Governance Professional.
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Partners Susan Schroeder and Bertha Masuda and Analyst Courtney Halle discuss the private company board’s responsibility to understand and communicate executive compensation policies and practices to company stakeholders. We identify seven key questions for directors to ask.
CAP is excited to announce that Partners Margaret Engel and Eric Hosken have been named to the National Association of Corporate Director’s Directorship 100 for the third consecutive year, an honor awarded to individuals influential in corporate governance, and the boardroom.
Partner Margaret Engel describes effective director compensation programs used in the market to attract and retain high-caliber directors.