Private Equity Roundtable
This roundtable will be a discussion among NACD member directors about the dynamics of boards of companies which are majority-owned by private equity firms. Key issues that will be posed for discussion will include:
- Fundamental utility of a board in a situation where one or two investment firms control the company. Do you need a board at all?
- Typical composition of a PE-owned board of investment firm personnel, value-added independent directors and management.
- Function and composition of board audit, compensation, governance and special committees in a company controlled by investment funds.
- Individual director fiduciary responsibilities to all shareholders when minority shareholder interests may be in conflict with PE firms that employ or appoint individual directors.
Location and Time
729 Second Avenue South
Minneapolis, MN 55402
Registration: 11:15 AM
Working Luncheon/Program: 11:30 AM - 1:30 PM
John BergstromJohn Bergstrom is an advisor to growth companies, assisting them with financial, strategic, compensation and governance matters. His involvement with these companies often includes advisory engagements or membership on their boards of directors.
Companies where John has served on the board have raised hundreds of millions of dollars of equity and debt capital and completed dozens of merger & acquisition transactions, private placements and public offerings.
John is also active in the community serving on several non-profit boards. He is currently a member of Goodwill Easter Seals Foundation, Chicagoland Habitat for Humanity and the National Association of Corporate Director, Minnesota. He is a former board member and chair of Twin Cities Habitat for Humanity, Goodwill Easter Seals Minnesota and SchoolStart.
John is a graduate of Gustavus Adolphus College, B.A., and University of Minnesota, M.B.A. He also completed the Kellogg Management Institute program at Northwestern University. As an adjunct faculty, he has taught graduate and undergraduate courses at the Carlson School of Management at the University of Minnesota in Finance and Entrepreneurship.
Steve SoderlingSteve joined Tonka Bay in 2005, after spending seven years on the buyout team of Norwest Equity Partners. At Norwest, he was involved in originating and closing management buyout and growth equity investments. He began his career with the Arthur Andersen economic and financial consulting group in the Chicago and Minneapolis offices.
Steve holds a degree in finance from the University of Notre Dame.