We believe the role of the Chairman is key to the performance of a business, particularly an entrepreneurial and/or private equity backed business.
16 of the current FTSE100 Chairmen were previously Finance Directors.
No matter how talented the management team, when running a growing business there will, inevitably, be situations and challenges that occur which are unfamiliar to the management team. Having a Chairman on the board who can bring experience, gravitas, maturity and balance can lend some reassurance to both the management team and to their investors.
Being a Chairman is not an easy role, it can often be a tricky balancing act – between driving the business, mentoring the management, managing the investors, securing the exit, all whilst not being in the business full time. However, those who excel at this, relish the challenges the role brings and deliver great value to both management and investors.