In this article, Nate Lankford and Sandra Hanna,* along with their co-author Charlie Chipchase from Petra Funds Group, share practical advice for private equity executives stepping into board positions within their firm's portfolio companies. 

In an environment where regulatory scrutiny of private equity firms is on the rise, limited partners are pushing for increased transparency on non-financial matters and greater involvement in portfolio-level governance. "You will find no statues of boards in any city, but on the premise that effective boards are often greater than the sum of their parts, some basic tenets can help you be a very effective board member and help drive better decisions and ultimately better risk-adjusted returns," the authors write.

*Former Miller & Chevalier attorney