A Study Comparing Boards of Private and Publicly Held Companies
If you're interested in knowing differences in the ways boards of PE portfolio companies and publicly traded companies function, the publication entitled Private Equity vs. PLC Boards in the U.K.: A Comparison of Practices and Effectiveness (highlighted in this morning's edition of Bowne) is a must read. The study concludes that boards of publicly traded companies are more effective at compliance and risk management, but that their PE counterparts outshine them when it comes to value creation, commitment of board members and strategic leadership. The only caveat is that the paper is dated August 2008, before many of the events surrounding the financial crisis unfolded.
