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New Board Reflects Governance Restructuring To Better Position ACG For Continued Growth

December 2020

posted by Acharya Capital Partners
3yrs ago 72

New board reflects governance restructuring to better position ACG for continued growth


CHICAGO, December 2, 2020 – Association for Corporate Growth® (ACG), the global deal-making network, announced its annual leadership appointments for the upcoming year, reflecting a governance overhaul that nearly halved the size of its board of directors and created a stand-alone chapter council.  


ACG's directors overhauled the board to create a more agile and strategic body whose decisions will impact the entire middle market ecosystem. Board members embraced the concepts outlined in the book, "Race for Relevance: 5 Radical Changes for Associations," and retained governance consultants McKinley and Associates. McKinley recommended a departure from the current model that allocated board positions based on geography in favor of a more dynamic model that leverages the strategic and financial expertise of high-level leaders. In September, the board approved recommendations to decrease the board size from 27 to 15 members and establish a chapter council, ensuring chapter representation.  


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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.