Features
- Quantum Opportunity Across Four Tech Innovation Frontiers
- When Data Governance Has No Borders
-
Corporate Governance in a Shrinking Public Market
Columns
- The Board’s Strategic Role in Operationalizing Innovation
- When AI Algorithms Control Earnings Reactions
- Point/Counterpoint: To Go Public or to Stay Private?
- Why Mergers Fail When Strategy Is 'Right'
- Transforming Governance into a Growth Strategy
- How the Board Can Get the COO Position Right
- Beyond ROI: A Conversation with Purvee Kondal
- Onboarding
Director Advisory
- Human Capital Governance and the Compensation Committee’s Remit
- Strengthening Board Engagement as Volatility Tests Strategy
- Four Overlooked AI Signals Every Director Should Watch
- A Mid-Cycle Guide for Compensation Committees
- How Boards Influence Successful Carve-Outs
- The Hidden Costs of CEO Succession
- Governing the Convergence of AI and Cyber Risk
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Directorship Magazine
Corporate Governance in a Shrinking Public Market
Key Points
- The shrinking supply of public companies combined with a surge in private capital is distorting traditional market signals, such as share price and peer benchmarks.
- Boards of small- and mid-cap companies must move beyond routine reviews to critically assess whether a public listing remains the most strategic value structure.
- As shareholder bases shift toward concentrated passive ownership, boards must evolve their engagement frameworks to better understand the specific needs of their top institutional holders.
This AI-generated summary, based on content on this page, was reviewed by NACD editors for accuracy.
The public equity market is undergoing a structural transformation: The supply of public companies is shrinking while the pool of capital is growing.
This article delves into the data behind why and how board work has changed amid these forces. It teases a fundamental shift in how directors must view their roles, exploring four critical areas where structural market changes are forcing a total rethink of the board agenda.
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Jessica Hoffman Brennan is a public company and independent fund director and serves on the boards of Siddhi Acquisition Corp and Commonfund. Previously, Brennan chaired the Raymond James RJ Private Credit Fund and was a director of Conifer, a Carlyle portfolio company.
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