Private equity boards are often viewed as high-performing teams, but Kieran Moynihan, chairman of Board Excellence, explores whether PLC boardrooms could do just as well.
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When non-executive directors, chairmen, executives and investors are asked to identify high-performance boards that they have either sat on or engaged with, they inevitably point to private equity (PE) portfolio boards as opposed to PLC boards.
While it is widely accepted that there are a number of highly effective PLC boards, the consensus is that in general PE portfolio boards exhibit higher and more consistent levels of effectiveness and performance.
Is this a fair comparison, given the significantly broader, more diverse shareholders and regulatory requirements that PLCs support, compared with the private, highly focused, agile envi
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