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 | Oct 23, 2017 | Blog, Board Governance, Business, Business Advisory, Family Offices, Trust
How did Milton S. Hershey close the ownership loop of his business enterprises? Mr. Hershey created three trusts: two during his lifetime and one upon his death. He designated Hershey Trust Company the trustee of the three trusts. Hershey Trust Company is a...
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...
by | Oct 2, 2017 | Blog, Board Governance, Business, Business Advisory
In my previous blog I explained what a business advisor is and why they are so important. Hopefully that entry motivated you to go out and look for a business advisor. However, now you are probably asking yourself, how can I tell a good business advisor from a bad...