While private and family-owned businesses may not be subject to all of the legal and regulatory rigors of publicly-traded companies, your business can nevertheless benefit from good governance practices suitable for your company. Our program features an opening dialogue with Lynne Clark, a director of several privately-held companies, primarily in the food, beverage, retail, and e-commerce sectors, and Bill Schlimbach/VP-Deputy General Counsel and Corporate Secretary at J.M. Huber Corporation, one of New Jersey's premier family-owned companies, operating in industries ranging from personal care products to food and beverage, flame retardants and smoke suppressants, sustainable forestry and engineered wood products. We'll then launch into a series of expertly-led roundtables, in which private and family company leadership and directors will share issues, ideas and learnings on topics such as: What is the linkage between effective governance and a company's legacy and future prospects? What are the options for an effective governance structure? Does my company need a board of directors, an advisory board or other oversight body? Should we bring in outside members to our board? And what skills do we need? How should we be using a board: objective reality check and good sounding board on strategy, competitive threats, long-term growth, talent and compensation? What are workable boundaries between the roles of board and management? What are some of the issues where we could get real value from a board: succession planning, coaching and mentoring your management team, assessing your longer term plans/strategy, identifying disruptive risks? We encourage company leaders to attend in conjunction with a board member or members if your company has a board.
Lynn Clarke is an independent board director, chair, and CEO with consumer packaged goods, technology, e-commerce, and digital and specialty retail expertise. Currently, Clarke is a director of several privately held companies, primarily in the food, beverage, retail, and e-commerce sectors. Clarke is a board member of the National Association of Corporate Directors’ (NACD) Atlanta chapter and a member of Women Corporate Directors and the Young Presidents’ Organization. A frequent speaker at events for business and educational groups, Clarke has most recently spoken at the Institute of Internal Auditors Conference on the role of boards and internal audit, at the Google-sponsored E-Commerce Traffic Summit, and at a Women Corporate Directors program on the Impact of Millennials on Consumer Markets. She has also spoken to board chairs about the board’s role in strategy at the Family Business Consulting Group’s Chair Forum and on building effective independent boards for privately held businesses.
William Schlimbach is Vice President, Secretary and Deputy General Counsel of J.M. Huber Corporation, a 135-year-old, 5 th generation, $3 billion family-owned New Jersey company. As Deputy General Counsel and Corporate Secretary, Bill works closely with the Board on governance issues including shareholder matters, heads a shareholder communication team and is regular liaison with family members including family leadership on relations with the Board and the Company. Bill has broad based experience in corporate and commercial legal and litigation matters including acquisitions, divestitures, real estate, bankruptcy, finance and securities. Bill started his career as an associate at the Javits & Javits law firm in New York, became a partner at Javits, then joined Huber in 1985, where he started out as counsel to 11 operating businesses, and in the mid 90’s, became responsible for the legal aspects of divestitures and acquisitions, financing, major capital projects, start-up businesses and a financial services business.
Headquartered in Edison, New Jersey, J.M. Huber Corporation has remained a family-owned business since its founding in 1883. Huber’s portfolio companies have strong leadership positions in many different areas, including: ingredients for personal care and food and beverage products; flame retardants for a wide range of polymer-based applications; engineered wood products for residential construction; and sustainable timberland management.