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When must a company make decisions in person, and when can it do so in writing? The short answer: it depends on the stakeholders involved. The law has attempted to provide guidelines that balance the need for deliberation and decisive action. For directors, the emphasis is on making sure complex decisions are thoughtfully considered and discussed. The board is only able to act in writing if a decision is unanimous. Called a “unanimous written consent”, they provide an expedient method for making decisions without convening a formal board meeting in situations where everyone is already in agreement. For issues where there is a lack of consensus, a live meeting is required. Decision-making criteria in live meetings are determined by the company’s bylaws, and typically require a majority vote and a quorum. For shareholders, there is more latitude. Shareholders can pass resolutions or make decisions without a meeting, and unanimity is not required. This is primarily an issue of practicality. It would be logistically onerous to get a large number of shareholders to meet in person with any sort of regularity. And unanimous approval in a large group is often impossible. Allowing for written decisions gives shareholders an opportunity to have a voice on important decisions without slowing the company down unnecessarily.

A strong culture is the foundation of a successful CPA firm. The Evolve module of our POWER system guides you in defining your core values, building the right team, and knowing when it's time to pivot. Protect your culture and position your firm for growth - let's discuss how we can help evolve your firm. #CPAfirm #corevalues #pivot

The traditional path to enter M&A is to be a banker or Private Equity. But not Matt Arsenault, VP of Corporate Development at Jamf. He was a Certified Public Accountant before he transitioned to a corporate development role, and eventually, an M&A leader. So how did he do it? Watch the video and find out! Learn more by catching the full episode at the link in the comments below.👇 #mascience #mergersandacquisitions #careerpath #accounting #corpdev

We’re thrilled to launch our first-ever webinar on October 12: Sizing and Structuring Shared Ownership Programs. Learn from Ownership Works and our partners at Deloitte and Kirkland & Ellis about structuring broad-based ownership plans in private equity-backed companies. The webinar will cover:  • What a meaningful and holistic shared ownership program looks like  • How to size a plan that is meaningful for employees and feasible for the company  • Plan design examples and considerations, with an emphasis on structures that reduce administrative complexity This 10/12 webinar is exclusively for Ownership Works’ Founding Partner investors and their portfolio companies. To learn more, please email [email protected]. #SharedOwnership #EmployeeOwnership #Webinar #PrivateEquity 

It was amazing to have Connected Accounting's CFO and COO in LA last week for our executive team meetings! We brainstormed, shared ideas, discussed exciting plans for next year, fine-tuned some processes (my favorite!), and shared a lot of laughs along the way! I am so proud of where our team is headed and look forward to our continued success together. Until next time, ladies! #connectedaccounting #womeninaccounting #businessgrowth #businessstrategy #executiveteam

Determining when to establish a board of directors is a common question from founders. The answer depends on various factors, including the involvement of outside third-party interests. A board may be beneficial when substantial external investments have been made, providing some level of control to those investing and thus protecting their interests. Another compelling reason to create a board is when there are strategic advisors whose involvement could help steer the company in the right direction. By compensating and including them in the decision-making process, a company can potentially expedite its path to success.

💧 Ever tried filling and tying a bunch of water balloons? It's fun at first, but it quickly turns into a wet and tedious task (especially when your kids want hundreds of them). Building and managing your own accountancy practice can feel the same way – rewarding but often exhausting. As an M&A specialist, I’m here to help you pop those balloons! 💥 Let’s transform the years of hard work, dedication, and resilience into a successful sale that brings you well-deserved rewards, whilst having some fun along the way! Ready to take the plunge? Dive into the next chapter with Insite M&A . 💼🚀 #BusinessGrowth #MergersAndAcquisitions #Accountancy #ExitStrategy #BusinessSale #ProfessionalServices #WaterBalloons

#Familybusinesses and other privately held companies often lack strong, independent #boards to provide for key #governance oversight and industry expertise. In this article for Private Company Director, Wingspan Partner Maryann Bell discusses the concept of a non-fiduciary advisory board and the three reasons why it can be of crucial value for privately owned firms. https://lnkd.in/dfkSHVxi

Check out FTI Consulting's new “The Role and Duty of the Board of Directors & Special Committee” webinar which features the following restructuring experts from our firm and from Weil, Gotshal & Manges LLP: Carlin Adrianopoli, Bob del Genio, Craig Cheng, Gary Holtzer and Andriana Georgallas. Access the full webinar to learn more: https://lnkd.in/dRpvg9qS #GuideToRestructuring #Restructuring#Webinar