NACD Board Leadership Conference NACD Chapter System

The Investor Director: Faithfully Serving Two Masters

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February 6, 2018
Minneapolis, MN




The Investor Director: Faithfully Serving Two Masters 


This roundtable discussion was for the private company director who is a significant company investor or represents significant company investors?


The unique issues discussed about this board service included:

  • Requiring or accepting a seat as part of the investment
  • Director-specific vs. company provided D&O coverage
  • Subsequent investments that dilute other shareholders
  • M&A decisions that affect the director differently than other investors

 This was a limited seating event for NACD member directors.






  February 6, 2018 Roundtable Take-Aways

Location and Time


Minneapolis Club
729 Second Avenue South
Minneapolis, MN 55402

Registration: 7:00 AM

Working Breakfast/Program: 7:30 - 9:30 AM

Speaker Spotlight

Paul Knapp

Paul Knapp

Paul Knapp serves as Vice President of Vomela Specialty Company where his duties include mergers and acquisitions, legal, real estate management and investment, and family business office organization and management.
He currently serves as a Director of Venture Bank, The Catholic Community Foundation of Minnesota, the Minnesota Chapter of the National Association of Corporate Directors and several emerging private companies.
Paul graduated from The College of Saint Thomas (BA, Finance) and William Mitchell College of Law (JD). He regularly teaches on the subjects of on investment, growing private companies, family business offices, and building better boards of directors. He has been recognized as a Twin Cities Director of the Year and a Minnesotan to Know by the Twin Cities Business Journal.

Brian Gustafson

Brian Gustafson

Brian Gustafson is Managing Director of Investments for Tonkawa, the Carlson family office.

He has served on several for-profit and non-profit boards including the Board of Directors of Magnet 360 (acquired by Mindtree), GovDelivery (acquired by Internet Capital Group), MinuteClinic (acquired by CVS), NxThera, Courage Foundation, the Minnesota Governor’s Council for Developmental Disabilities, and the Board of Advisors of Great Clips.

He is a former Peace Corps Volunteer, and now lives in Minneapolis.

Bernard J. Weiss

Bernard J. Weiss

Mr. Weiss currently serves as the President and COO of Hubbard Aviation Technologies in addition to the Executive Vice President of Finance for Hubbard Media Group.

Mr. Weiss’s education includes an MBA from Vanderbilt University, a BS in Mechanical Engineering from Michigan State University as well as work towards a master in engineering from the University of Southern California having been awarded a Hughes Fellowship.



Question about this Event?

Contact Judy Ferril, Chapter Administrator, phone: 952-378-5171 email: