How To Leverage Boards For Successful Growth
Schedule including panelists and company profiles:
Tuesday, September 27, 2005
This half-day intensive seminar is designed to help small to medium-sized businesses and nonprofits understand how to create and leverage their boards so that they can more effectively manage and grow their organizations. In its classes and outreach seminars over the past 16 years, the Rothman Institute has consistently advised businesses and nonprofit organizations to create boards (advisory or directors). This important and essential workshop will help entrepreneurs, top management and board members be more successful in achieving their short- and long-term goals.
8 a.m. Registration/Breakfast
8:30 a.m. Welcome
James C. Barrood, Executive Director, Rothman Institute
Caren S. Franzini, CEO, NJ Economic Development Authority
8:35 a.m. How to Set Up and Operate Boards
Moderator: Ethné Swartz, Ph.D., Rothman Faculty, FDU
Edward Ahart, Esq., Schenck, Price, Smith & King, LLP
Ken Goldmann, CPA, J.H. Cohn LLP
William Glennon, Creating Options
John Martinson, Edison Venture Fund
Stuart Sendell, Entrepreneur/Board Chair
10:15 a.m. Breakout Sessions
Edward Ahart, Esq., Schenck, Price, Smith & King, LLP
Joseph Nalbach, Commerce Bank
David Lewison, Commerce Insurance
Thomas Uhlman, New Venture Partners, LLC
Reginald Best, AEP/Netilla, Serial Entrepreneur
Sidney Sayovitz, Esq., Schenck, Price, Smith & King, LLP
Steven Fulda, Rothman Faculty, FDU; Business Planner
Hans Dekker, Community Foundation of New Jersey
Susie Schub, Project Acorn; Jumpstart
William Donnelly, Morris County Chamber of Commerce
To register, call 973-443-8842
Fee: $95 per attendee for companies, $75 per attendee for nonprofit organizations.
Location: Lenfell Hall, The Mansion, College at Florham, Fairleigh Dickinson University, (285 Madison Avenue, Madison, N.J.)
Directions: Lenfell Hall (in the Mansion)
Edward W. Ahart is a partner at Schenck, Price, Smith & King, a member of its Business Organizations Department, and chairs the Corporate Practice Group. He practices primarily as a transactional attorney, concentrating in M&A, divestitures, finance and banking, and general corporate law. He also is the firm’s managing partner and serves as chair of its Management Committee. Mr. Ahart has extensive experience in the purchase, sale and financing of businesses and related transactions, including the structuring and restructuring, negotiating and closing of sales and acquisitions. Mr. Ahart is a member of Lafayette College’s Board of Trustees and its Executive Committee, and has served as the President of its Alumni Association. He also served three terms as Chair of the Morris County Chamber of Commerce Board of Directors, and is a member of its Executive Committee and the Morris Business Cabinet. Mr. Ahart served as Chairman of the Board of Trustees of the Warren County ARC; served on the NJ District X Ethics Committee and the Board of Directors, and is the former President of the Board of Trustees of the Greenwich Presbyterian Church, and President of the Greenwich Cemetery Association. He attended Lafayette College and Cornell Law School.
Reggie Best was the Co-founder, President and CEO of Netilla Networks, Inc., a technology startup that had become one of the leading providers of remote access systems. It was recently acquired by AEP Networks, at which Mr. Best is currently Executive Vice President of the Secure Application Access division. Founded in 1999, Netilla develops and markets networking products that allow a company's employees to securely log into their business networks from anywhere using just a web browser. Netilla is the third tech startup for Mr. Best, a recognized entrepreneur in the networking industry. After beginning his career at AT&T Bell Laboratories, Mr. Best formed his first venture, Teleos Communications, a video-networking company that was sold to Madge Networks. He then founded AccessWorks Communications, an Internet/remote access company acquired by 3Com Corporation. He holds a BS in electrical engineering from City College of New York and an MS in electrical engineering from Columbia University.
Hans Dekker has served as President of the Community Foundation of New Jersey since June 2003. The Community Foundation serves New Jersey and has over $128 million in assets. In 2004 it granted over $17 million to charitable causes. Mr. Dekker has a background of community foundation and community development work. Prior to the Community Foundation of New Jersey, Mr. Dekker served for four years as the Executive Vice President of the Baton Rouge Area Foundation. He also acts as a trustee of the Council of New Jersey Grantmakers.
William Donnellyis President of the Morris County Chamber of Commerce. Under his leadership, the Chamber was cited by NJBIZ as “The Very Model of a Modern Chamber.” Its staff of twelve, with an annual budget of over a million dollars, has created innovative and acclaimed services for its approximately 800 members. Before Mr. Donnelly took over the Chamber in 1995, he was a practicing international attorney with Warner-Lambert Company for 23 years and has done deals in over 45 countries. He is also the Civilian Aide to the Secretary of the Army for the State of New Jersey. In this capacity, Mr. Donnelly advises the Secretary of the Army, the Chief of Staff of the Army, and senior Army commanders responsible for New Jersey and provides Army liaison services to New Jersey. He graduated from NYU Graduate Law School with an LL.M. in foreign and comparative Law. He received his Juris Doctor from Boston College Law School and his B.A. in philosophy from Manhattan College.
Caren S. Franzini is Chief Executive Officer of the New Jersey Economic Development Authority (EDA), a position she has held since January 1994. She joined this independent state financing and development agency in 1991 after serving as an Assistant State Treasurer. A New Jersey native, Ms. Franzini serves on the boards of the National Council of Development Finance Agencies, New Jersey Technology Council, New Jersey Schools Construction Corporation, Southern New Jersey Development Council, New Jersey Development Authority for Small Businesses, Minorities’ and Women’s Enterprises, Rothman Institute of Entrepreneurial Studies of Fairleigh Dickinson University, Chamber of Commerce Southern New Jersey, New Jersey Chapter of the National Association of Industrial and Office Properties, and Prosperity New Jersey. She holds undergraduate and graduate degrees in urban studies and business administration, respectively, from the University of Pennsylvania.
Steven M. Fulda is Managing Director at Fulda Business Planners, which specializes in developing business plans, and in redirecting strategy to enable businesses to succeed. He has forty years of management and consulting experience spanning all facets of business strategy, planning, development and financing. Over the years, Mr. Fulda and his colleagues have identified, and managed growth opportunities for over 300 emerging businesses. Mr. Fulda’s experience also includes counseling, mentoring, teaching and training. He is Adjunct Professor of Entrepreneurial Studies at FDU where he teaches a course in venture creation, business development and financing. He also manages the Rothman Institute outreach program which teams advanced graduate students with local businesses/nonprofits seeking business plans. Mr Fulda is an experienced director, currently serving as a member of six Boards of Directors or Boards of Trustees in both the corporate and non-profit sectors. He is Chairperson of the Audit Committee and also co-chairs the Strategic Planning Committee of a public bio-tech company. Mr. Fulda holds two Masters' degrees, one in systems engineering and the other in quantitative business analysis. His undergraduate degree is in engineering physics and applied math.
William Glennon founded Creating Options in 1990 to provide management consulting services to small and mid-size firms and family businesses. In addition to serving on the Board of Advisors for several businesses, he has assisted his client companies in forming Advisory Boards. Mr. Glennon’s firm also specializes in coaching executives to increased effectiveness, especially those recently hired or promoted or targeted for larger roles. Management development and succession planning are other services offered. Mr. Glennon’s business experience includes 20 years in general management roles in operations, business development, marketing, strategic planning and information technology for Johnson & Johnson and Schering Plough. He has a degree in mathematics from Villanova and did graduate work in strategic planning at MIT.
Kenneth N. Goldmann, CPA, is a Partner in the J.H. Cohn’s audit group. He services a variety of clients in the high tech, manufacturing, distribution and service industries. Mr. Goldman’s clients are both public and private entrepreneurial companies. With over 34 years of diversified public accounting experience Mr. Goldmann is often consulted on issues including profitability improvement to the decision of taking a company public. Throughout his career, Mr. Goldmann has been active in community and scholastic organizations. He currently sits on the board of the Junior Achievement of New Jersey, Children’s Specialized Hospital Foundation, Kean University Foundation, and Junior Achievement-North and is a former board member of the Rider University Alumni Association and Gateway Chamber of Commerce (former Chairman). He graduated from Rider University with a BS in business. and has completed postgraduate work in accounting at Rutgers University.
David Lewison is the Practice Leader for the Executive Risks division of Commerce Insurance Services. He manages the department that specializes in Directors & Officers Liability, Professional Liability, Employment Practices Liability and Fiduciary Liability. Mr. Lewison’s principal focus areas include sharing product expertise with new and existing Commerce clients, assisting in the generation of new business and creating information resources for Executive Risks clients. Prior to joining Commerce, he spent 8 years with Stewart Smith East as Senior Vice President and Group Leader, with responsibilities to produce new business as well as develop and maintain relationships with insurance companies specializing in Directors & Officers Liability, Professional Liability, Employment Practices Liability and Fiduciary Liability. He has a BS in economics and business administration with concentrations in finance and international business.
John H. Martinson has been a venture capitalist for 28 years. Mr. Martinson founded and serves as Managing Partner of the Edison Venture Fund. He has been a director of over 40 companies. Mr. Martinson also served as Chairman of the National Venture Capital Association, and also co- founded the New Jersey Technology Council and New Jersey Venture Fair. He is a graduate of the US Air Force Academy and earned an MS in astronautics from Purdue University and an MBA from Southern Illinois University.
Joseph A. Nalbach is a regional vice president for Commerce Bank’s Morris County region. In his position, Mr. Nalbach is responsible for the development of the Commerce Bank brand image and market share in the region; overseeing the operation of the Bank’s branch offices in the region; and developing commercial, government and non-profit relationships. With more than 20 years of industry experience, Mr. Nalbach joined Commerce Bank in 2002 after most recently serving as senior vice president and relationship manager at Fleet Bank, where he was responsible for management of a commercial lending team focusing on business development and enhancing valued client relationships. Previously, Nalbach had served in similar senior positions at the former Summit Bank and at The Bank of New York. He serves as a member of the Morris County Economic Development Committee and The United Way Real Estate Steering Committee. Nalbach received his undergraduate degree from Rutgers University and earned his MBA from Fairleigh Dickinson University.
Sidney A. Sayovitz is a partner at Schenck, Price, Smith & King, and serves as the chairman of the Business Organizations Department. Mr. Sayovitz is the former Executive Vice President and General Counsel of Lexent, a publicly traded telecommunications company. His practice focuses primarily in the areas of telecommunications, commercial transactions, corporate governance, state and federal regulatory matters, and education law. In representing these companies, he has been involved in complex commercial transactions, financings, joint ventures, SEC matters, and mergers and acquisitions. He also advises clients on emerging competitive changes in the regulatory landscape, local franchising matters and a broad range of business issues. Mr. Sayovitz also served as President of the New Jersey Association of School Attorneys as well as President of Marathon Broadcasting Corporation, a radio station operator. He received his BS degree from the City College of New York and received his law degree from the University of Pennsylvania School of Law.
Susie Schub founded and directs Jumpstart, an educational arts consulting firm that employs the arts to boost the confidence and cognition of children and families at risk in New Jersey. As Stuart and Jill Lasser watched their son flourish in preschool, they realized that every child deserves such enrichment regardless of family means. Seeking a way to ensure educational access for young children in need, they approached Ms. Schub. Together, the trio envisioned and launched Project Acorn. Ms. Schub helped choose members of the founding board, identify partner preschools, frame selection criteria for beneficiary families, and shape and implement long-range development plans. When Mr. Lasser retired as president after eight years, she assumed the presidency and helped shift the organization from a founder-driven entity housed in the founder’s office to a professionally-staffed operation in its own space. Since 1995, Project Acorn has launched the educational careers of more than 300 children attending 17 schools in two counties and now maintains an endowment fund. She earned a BA in psychology at Brown University and an MSW in administration at Boston University.
Stuart Sendell is a Managing Director of Charter Mac a commercial mortgage banking firm. He is the Chairperson of the Community Foundation of New Jersey and a Past President of The Mortgage Banking Association of New Jersey. He has founded both profit and non-profit corporations and served on over 15 non-profit boards. He earned a BS from Fairleigh Dickinson University.
Ethné Swartz, Ph.D., is an Assistant Professor of Entrepreneurial Studies. Dr. Swartz’s research and teaching interests include entrepreneurship and innovation, management of technology, business continuity and crisis management. She has taught strategy and entrepreneurship in the UK and South Africa. Prior to her academic career, Dr. Swartz worked for General Motors (South Africa) and as Personnel Officer by Kodak (South Africa). Dr. Swartz is the founder of the Female Entrepreneurs’ Alliance and is on the editorial boards of Garden State Woman Magazine, and Risk Management: An International Journal. She holds a Ph.D. in management from The Manchester School of Management, University of Manchester Science and Technology Institute, Manchester, England.
Thomas Uhlman is Managing Partner at New Venture Partners, LLC and currently works with portfolio companies Lumeta and iBiquity Digital. He was previously a director of Elemedia, Inferno, Lucent Public Safety Systems (now Intrado), Lucent Digital Video and Visual Insights, among others. Before co-founding the Lucent New Ventures Group in 1997, Mr. Uhlman served as Lucent’s SVP for Corporate Strategy, Business Development and Public Affairs, overseeing activities relating to acquisitions, new business creation, planning and government affairs. While at Lucent he co-chaired New Jersey’s High Technology Task Force. Prior to Lucent’s creation in 1995, Mr. Uhlman was the VP of Corporate Development for AT&T responsible for M&A activity worldwide. Before joining AT&T in 1995, Mr. Uhlman spent 12 years at HP. He currently serves on the Board of Directors of the McData Corporation (NASDAQ) where he chairs the Compensation Committee. He received his BA in political science from the University of Rochester and a Sloan Masters degree from Stanford, where he now serves on the Sloan Program Advisory Board. He also holds a Ph.D. in political science from UNC at Chapel Hill and sits on the University’s Board of Visitors.
James Barrood is executive director of the Rothman Institute of Entrepreneurial Studies. He has developed and managed many of the Institute’s innovative academic and outreach programs since 1997. Active in the regional entrepreneurial and business communities, Mr. Barrood was recently recognized as among the state's 'Forty Under 40 Business Achievers' by NJBIZ business journal. He frequently lectures and moderates at FDU and at business seminars and expos throughout the state. Mr. Barrood sits on three boards, COINet, a business incubator in Morristown, the Franklin Foundation for Educational Excellence, and Jump, Inc., a computer software consulting firm. In addition, he has written articles for Entrepreneur magazine, NJBIZ and local newspapers. Mr. Barrood brings with him a background in small business/family business and the real estate and automobile industries as well as marketing and e-business expertise. He holds an MBA from Texas A & M University and a BA in economics from Rutgers University.
Commerce Bank opened for business more than 30 years ago with a focused commitment to providing quality banking services through every available delivery channel. Since then, the Bank has developed a unique and very successful retail model, which has produced dynamic growth. From its inception in 1973, Commerce has expanded to nearly 330 locations throughout New Jersey, New York, Pennsylvania, Delaware, and new markets in Washington, D.C. and Virginia. In recent years, Commerce has broadened its portfolio of services by establishing Commerce Insurance Services, the nation’s 24th largest insurance brokerage firm, and Commerce Capital Markets, which specializes in wealth management and public finance services.
Edison Venture Fund
Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $3 to 5 million. Edison typically serves as a sole or lead investor in financings up to $10 million. In addition to providing expansion capital, the firm also funds management buyouts, recapitalizations, spinouts and secondary stock purchases. Edison’s successes have a combined market value exceeding $5 billion. It currently has $420 million under management and is actively making new investments.
J.H. Cohn LLP
For more than eight decades, J.H. Cohn has cultivated its reputation in accounting and business consulting for honesty, integrity, technical excellence, and genuine concern for clients. Business owners, senior managers, and individuals alike recognize the Firm’s commitment to their success. They appreciate that J.H. Cohn does not offer an ordinary approach to problem solving. Instead, their professionals gather data, analyze information, and thoughtfully consider and review the appropriate solutions that reflect each client’s unique circumstances. they are passionate about their reputation, their value proposition, their mission, their clients’ and staff’s success, and their role as community leaders.
New Jersey Economic Development Authority
The New Jersey Economic Development Authority (EDA) is an independent, self-supporting state entity dedicated to building vibrant, diverse communities by financing businesses and nonprofits, offering real estate development and technical services, and supporting entrepreneurial development. It seeks to strengthen and broaden the state’s economic base and renew communities through business expansion and attraction, job creation and retention, and revitalization of underutilized properties.
NJBIZ is the Garden State's only weekly business newspaper. Featuring a state-wide view of the area's most diverse economy, it provides extensive coverage of economic news, industry analysis and the impact of political initiatives on the business community. Our readers tap into the insightful writing in print and online, and benefit from the most current news available.
Schenck, Price, Smith & King, LLP
Located in the center of historic Morristown, New Jersey, Schenck, Price, Smith & King was founded in 1912. A full-service law firm, Schenk Price provides services to businesses of all sizes from a broad range of practice areas including litigation, real estate, banking law and trusts and estates, taxation, general corporate law, acquisitions, finance and dissolutions, land use, municipal law, health care, elder law, education law, cable television and telecommunications, environmental law, employment law, bankruptcy, guardianship, administrative law and family law.
Rothman Institute of Entrepreneurial Studies
Fairleigh Dickinson University’s Rothman Institute of Entrepreneurial Studies has been supporting entrepreneurship and innovation since 1989. Its nationally recognized academic program includes a comprehensive curriculum on both undergraduate and graduate levels. Outreach programs include the Family Business Forum, the Female Entrepreneurs’ Alliance, the executive training seminars/courses for entrepreneurs, and the Business Plan Development program. Recognition programs include the Distinguished Entrepreneurial Lecture Series, the NJ Family Business of the Year Awards, the NJ Female Entrepreneur Lecture, the East Coast Student Entrepreneur Awards and the NJ Business Idea Competition.
The Silberman College of Business is a leading provider of high-quality, innovative business education. The College is accredited by AACSB International—The Association to Advance Collegiate Schools of Business. Its mission is to prepare graduates to assume leadership positions in a global business community characterized by rapid technological and social change. The educational programs are built on the diverse backgrounds and experiences of both the faculty and students, emphasizing the practice of business management through the applied research and professional activities of the faculty. Fairleigh Dickinson University, New Jersey’s largest private university, is a nonsectarian, coeducational institution offering more than 100 degree programs on the undergraduate, graduate and professional levels.
Morris County Chamber of Commerce
Venture Association of New Jersey
NJAWBO’s Women’s Business Center
Morris County Chamber of Commerce - Nonprofit Committee
New Jersey Entrepreneur Forum
Corporate Communications Institute
Center for Human Resource Management
Institute for Independent Business
Young Entrepreneurs Organization
Garden State Woman Magazine