Private Equity
New Board Reflects Governance Restructuring To Better Position ACG For Continued Growth
December 2020
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.
To see the entire article click here.