Financial Poise
  • Home »
  • Fiduciary Duties & Corporate Governance

Fiduciary Duties & Corporate Governance

A man and woman chat at a coffee shop, symbolizing good governance and communication in family businesses

Without Good Governance, Family Businesses Go Nuclear 

3 Case Studies on the Importance of Good Governance To put it bluntly, proper governance does not come naturally for most private and family businesses. It requires leadership to understand that good governance protects the business, and is worth the sometimes substantial time and effort required to achieve it. Families will never be perfect. Which […]

Read More
A family takes a selfie in front of a castle, symbolizing the fun in family governance

Lessons on Family Governance in Business

The Cornell/Loyola Family Business Roundtable brought together thought leaders to discuss business and family governance. Here are the key takeaways.

Read More
retirement service providers

Know When It’s Time to Switch Your Retirement Plan Service Provider

Evaluate Your 401(k) Service Provider with These Questions The new year is a great time to take stock of your company offerings, and for plan sponsors, that should include a thorough review of your retirement plan provider. With fiduciary duty on the line, not taking the time to carefully review and make any changes can […]

Read More
measuring the loss of trade secret theft

Case Assessment on Trade Secret Misappropriation

How does the court calculate damages in trade secrets misappropriation cases? Learn how to measure actual loss, reasonable royalty rates and other remedies.

Read More
ESOP

ESOPs: Tax Advantages of an Employee Stock Ownership Plan

Employees Have Retirements Staked on Company Success An employee stock ownership plan, commonly referred to as an ESOP, offers a range of benefits for sponsor companies, in addition to its owners and employees. As a qualified employee benefit plan, an ESOP is designed to provide retirement benefits to employees, and is similar to that of […]

Read More
ESOP is it right for you?

Employee Stock Ownership Plans (ESOPs): Meeting Business Succession Objectives

Does Legacy Rate Higher with You, or Pure Profit? Thinking about selling your business? Is maintaining its integrity and mission more important to you than pure profit? Then an Employee Stock Ownership Plan may be something to consider. Some business owners simply want to derive the highest value from the sale of their company, and […]

Read More
board member

An Experienced Executive May Make an Effective Board Member

What Makes a Successful Board Member? [Editor’s Note: if you are an experienced CEO, CFO or another executive, you may be thinking about putting your hat in the ring to be a director of another company. Or, perhaps you are the owner or a board member of a company looking for an outside director. Either […]

Read More
family governance

Family Governance is Not Business Governance

Family Businesses Need Strategies to Govern Both the Family and the Business Family businesses are unique and the way they are run differs from family to family. Each business has varying degrees of corporate governance. Formal governance structures grow as the business grows and becomes more complex. Governance processes trail business needs in most situations. When […]

Read More
Business Divorce

Breaking Up Is Hard to Do: Surviving a Business Divorce

Conflicts between business partners are nearly inevitable. Thankfully, there are a number of ways for parties to negotiate up-front. Precautionary agreements give you space to resolve issues more easily or, at least, provide a picture of what the result will be when resolution is not possible.

Read More
Best Practices in Family Office Structures: Small Mistakes Can Cost Millions

Best Practices in Family Office Structures: Mistakes Can Cost Millions

Lessons in Structuring Family Office Structures The number and sophistication of family offices has grown substantially over the past several decades. In fact, some estimates suggest that there are more than 3,000 family offices managing trillions in private wealth. This growing prevalence has fueled a surge in demand for highly-trained professionals capable of handling the […]

Read More
>