CHICAGO, IL: The Private Directors Association (PDA) has had great successes with several companies, helping them experience the value of a board with independent directors. Specifically, M. Holland Company and Matot, Inc. have each given the PDA accolades because of the excellent job the PDA has done while working with them.
The PDA Model Board Meeting℠ is a way for private companies to jump-start the process of creating a board with independent directors. They engage and work with private companies that want to have ongoing, independent directors but are not sure how to get started. The PDA Model Board Meeting℠ approach enables them to begin in a fairly easy way by assigning independent directors from their network to help them.
“The PDA Model Board Meeting℠ (MBM) was great for M. Holland and the evolution of our Board,” noted Ed Holland, CEO of M Holland Company. “The MBM process and the PDA directors we selected shared leading practices in preparing for and running a Board meeting, which we have implemented. Following the MBM experience, we added an additional independent director and plan to add more as our Board continues to develop. The MBM process was instrumental in our journey.”
The PDA is comprised of over 1,000 members with high levels of experience on multiple boards. When a private company signs on for MBM, the PDA works with them to select several board members that have the skill and experiences required. The PDA has chapters nationwide, with its largest chapter located in Chicago.
Highly experienced independent board members can help companies in a variety of ways including ownership and leadership succession, strategy, capital allocation and more. PDA is well known as being a great first step companies can take when they realize they could benefit from the knowledge and expertise of a board with experienced independent directors but aren’t quite sure where to start or how to properly vet the board members they know they need.
“We had such a valuable experience with our PDA Model Board Meeting℠ (MBM) at Matot, Inc. that we set up an ongoing Advisory Board,” noted Cece Matot, Co-Owner of Matot, Inc. “Our MBM directors gave us actionable advice that we implemented immediately and, overall, it was one of our best exercises as a management team that we have ever had. I highly recommend the PDA Model Board Meeting℠ to any business that wants to grow and achieve better management communication.”
The PDA’s work with M. Holland Company and Matot, Inc. are just two recent examples of success stories where the PDA has significantly helped companies with their board members’ expertise.
About Private Directors Association
The Private Directors Association (PDA) is a board advsiroy firm that helps create, sustain and enhance private company value through the active use of boards with independent directors. PDA advocates for excellent practices in board formation and governance. The association provides a national network where private company owners, board members, leaders and advisors interested in board service can find and meet with those interested in securing exceptional board members.
For more information and a PDA Model Board Meeting℠ application, check out the PDA website at privatedirectorsassociation.org, click “Resource” and then “Model Board Meeting℠”
Release ID: 88977080