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Midwest Chapter Event

Advisory Boards as a Growth Imperative for Private and Family Owned Enterprises

When: Wednesday, April 30, 2014
5 PM- to 7 PM
Where: Drinker Biddle & Reath LLP
191 N. Wacker Drive
Suite 3700
Chicago, IL  60606
United States
Presenter: Michael J Mazzeo
Contact: Midwest Chapter of FFI
617-482-3045 x23

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Advisory Boards and the Growth Imperative for Private and Family Owned Companies

Currently the majority of private and family-owned company advisory boards are composed solely of family members and insiders. Company owners frequently cite cost, trust and knowledge of the business as the rationale for the typical board composition. Research and experience shows that where companies struggle to attain profitable growth, the insight and perspective of qualified outsiders can be a useful mechanism for achieving this business imperative. 

Beer, wine and hors d'oeuvres will be served


Featured Speaker:
Michael J Mazzeo, Associate Professor of Strategy Kellogg School of Management, Northwestern University

Michael J. Mazzeo is an Associate Professor in Kellogg’s Strategy Department, and a Faculty Associate at Northwestern's Institute for Policy Research. Mazzeo teaches Kellogg's core MBA and EMBA classes in Business Strategy, and is a three-time recipient of the school’s Core Course Teaching Award. He is the Academic Director of Kellogg’s open enrollment executive program in Competitive Strategy. He joined the faculty in 1998 after completing his PhD in economics at Stanford University.

Mike’s academic work focuses on how business success depends on a firm’s ability to differentiate from its competitors.  Some of his recent papers have analyzed on-time performance differences among competing airlines and the incentives of retail banks to expand their network of branches.  His academic career began with a series of articles on the economics of motels located along U.S. interstate highways, focusing on issues such as quality differentiation, pricing strategies and the choice between chain affiliation and independent ownership. This work, in part, led to his participation on the Roadside MBA book project, which will be published in June by Grand Central Publishing.

Reactor Panel:

Michael Hennessy, Chairman, Lovejoy, Inc.
Chairman of Lovejoy in 2013 and was CEO/President since 1984. He serves as Director of The Coleman Foundation Inc.

Roy Verstraete, 2001-2013 President and CEO, Anchor Danly Corporation, and member of 3 BODs
For 30+ years Roy has a successful record as corporate director, executive leader, and internationalist. His outstanding record of building results-driven organizations and high performance leadership teams spans a variety of organizational and country cultures. For 20 years Roy has served on Boards of Directors for public,private and start-up companies as well as not-for-profit organizations. He has worked industrial and automotive sectors.He is currently an executive consultant specializing in corporate board roles, strategy and implementation, leadership, executive coaching, succession planning, due diligence, and turnarounds/restructuring.