by | Feb 9, 2018 | Blog, Board Governance, Business, Business Advisory
When speaking to someone in an advisory capacity, the subject of managing for successful results always comes up. One of the best ways to manage for successful results is through proper goal setting within a formal incentive system. Goal setting: Where do the goals...
by | Nov 11, 2017 | Blog, Board Governance, Business, Business Advisory, Family Offices, Trust
The second charitable trust Milton Hershey created was the M. S. Hershey Foundation. He created this trust through an Agreement of Trust in 1935. As usual, he named the Hershey Trust Company as the trustee. Its purpose was, and still is, to provide educational and...
by | Nov 10, 2017 | Blog, Business, Business Advisory, Family Offices, Trust
Mr. Hershey’s third charitable trust was created in 1945, upon his death. His will simply left the residue of his estate in trust for the benefit of the Derry Township (Hershey) Public School District. And as usual, he named the Hershey Trust Company as the trustee...
by | Oct 20, 2017 | Blog, Board Governance, Business, Business Advisory
I’ve mentioned before on this site that boards for companies, large or small, can function in one of two ways: smoothly or terribly. It all depends on the members. But sometimes, even if you have some fantastic members, there needs to be an even greater leader helming...
by | Oct 2, 2017 | Blog, Board Governance, Business, Business Advisory
Selecting the chair of the board is an extremely important duty of the board. It can mean the difference between a smooth and effective board and a dysfunctional one. During my Hershey career, I have experienced both. At the Hershey Trust, when we had a very good...