Author Archives for Kimberly Simpson

The Board’s Role in a Crisis: Ready or Not?

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If power and cellular phone service to your plant were inoperable because of a devastating hurricane, how would you reach employees to confirm their safety first, and then address the status of the facility? If your company handled classified projects and a building’s power grid failed in a natural disaster, how long would backup generators work before being refueled by trucks that might not have an easy route to the building? What if the building’s doors were unlocked after the back-up locks failed—could the classified work within the facility be compromised? These real-life stories, shared at the April program of... Read More


The Board’s Role in Betting the Market Cap

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Take a moment to place yourself in this board’s shoes. The company has… An enviable revenue stream, with approximately $120 million in sales per day and an average sales order of $2,000; A strong balance sheet with very little debt; A need to react to seismic shifts in customer needs; An overweight of assets in Europe while sizable growth for your industry has been predicted in Asia; and A market cap of roughly $2.6 billion. What would your board do? Would your board be comfortable acquiring a division of a competitor for $2.4 billion in cash and 2.785 million shares... Read More


Lessons Learned from a Godfather Offer

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Is your board ready if the company receives a so-called godfather offer—an offer so strong it cannot be ignored—to purchase the company? Could social conflicts within the company be the undoing of an M&A deal that would benefit shareholders? Panelists at a recent NACD Carolinas Chapter program shared insights on board readiness, lessons learned, and the current state of the M&A market. The Godfather Offer at Piedmont Natural Gas According to Tom Skains, former chair and CEO of Piedmont Natural Gas Company, and director of Duke Energy Corp., directors should remember two critical points about the possibility for M&A activity... Read More