On March 19, Dennis Monroe joined Allen Bettis, director of National Association of Corporate Directors (NACD) Minnesota chapter, to facilitate a roundtable discussion on “Using Great Non-Family Executives to Grow Business — How Boards Can Help Forge Successful Alliances.” This roundtable meeting for sitting directors of family-owned companies provides an opportunity for highly practical, confidential, peer-to-peer discussion on:
- Developing bench strength in the management group and assessing leader candidates
- Providing solid ‘onboarding’ for a non-family president
- The board as a “buffer” between the executive and the family
- Navigating thorny issues in compensation and performance evaluation
- Helping owners transition from a family-managed to a family-controlled company
