Independent directors accelerate growth

November 6, 2017


Mead & Hunt, a private architectural-engineering consulting firm, takes its cues from public companies when it comes to governance.

“The best private companies govern themselves as if they were public companies,” says Rajan Sheth, chairman of Mead & Hunt and CEO overseeing the company’s growth from $10 million to $100 million since 1994. “We hold ourselves accountable to our shareholders and maintain the transparency to give our shareowners confidence that we are acting in their best interest.”

To that end, the firm has independent board directors limited to two three-year terms, thus diminishing the chance directors become too
entrenched.

Private companies are also increasingly adding expertise and skills by adding independent board directors as a way to bolster growth.

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