Wednesday, November 5 , 2008 (NOTE DATE CHANGED)

WHAT WILL BE DISCUSSED:

Lacking independent directors on your board? 
The reality is that only 46 percent of family businesses have them.  The truth is that you can have a highly effective board of directorsmade up entirely of family members who care about the business and have the skills needed to guide and grow it.

In this informationpacked session, we'll show you how to choose the best board candidates from your pool of family business members.  You'll learn the secrets to creating a selection system that avoids resentment and interpersonal issues while cultivating the board that will best serve the current needs of the business.  This session will cover:

• Deciding who sits on the boardobjectively and without creating animosity.
• Establishing the best fit for the company's needs. 
• Determining appropriate board compensation.
• Protect the rights of non-employed shareholders.
• Structuring and managing your board.
• Making an allfamily board highly effective.

Follow the advice in this session and you'll change the effectiveness of your boardand the success of your businessfor the better.

 

Facilitator Jennifer Pendergast will lead our panelists in a discussion covering how to confront conventional wisdom that you must have independent board members.  She'll also cover handling sticky situations, such as holding family managers accountable, and balancing branch and senior management representation on the board.

 

 

Michael Zdeb will share his thoughts and experiences on how to ensure that your family-run board avoids isolating your minority members through shareholder oppression.

 

 

WHAT OTHERS SAY ABOUT AUDIO CONFERENCES

"If your passion is to improve/grow your family business with the goal of passing to the next generation a stronger and more professional organization, the Family Business Advisor's slate of audio conferences is a must. The audio conferences focus on all the key family issues that successful family businesses must confront and resolve for the long-term success of the organization. The level of expertise you receive at a reasonable cost in the convenience of your office is an opportunity that I would urge all family businesses to take advantage of for the benefit/education of family members, shareholders and/or employees."

Larry Lippow, President/CEO
Lippow Development Co.
Martinez, CA

Registration

Watch for email invitations two weeks prior to the event, or call the office at 605-782-3225 or email fba@usd.edu to sign up or to get the e-mail click the link on the home page.

Member rates $32.00, Nonmember rates $40.00

Aberdeen: 12:00-1:00
Midstate Printing
4820 Capitol Ave

Beresford: 12:00-1:00
Sioux Corporation

Brookings : 12:00-1:00
Mills Property Management
630 Western Ave

Bismarck: 12:00-1:00
Starion Financial
1000 S Washington

Chamberlain: 12:00-1:00
Casey's Drug - Restaurant

Fargo: 12:00-1:00
Northern Plains Distributing
405 14th St. N.

Mitchell: 12:00-1:00
Dice Financial Services
321 West 14th Ave.

Pierre: 12:00-1:00
BankWest
420 S. Pierre Street

Rapid City: 11:00-12:00
The Abbey Group
Fairmont Creamery Building
201 Main Street, Suite 300

Sioux Falls: 12:00-1:00
Lloyd Company - Doral Center
101 West 69th St.
2nd Floor Conference Room

Watertown: 12:00-1:00
TBA