Blog Articles

Michael Tait explains his top 8 reasons why a charity should have a formal business plan. A formal business plan is a vital tool for a charity. It aides in strategic planning, financial management, fundraising, accountability, risk management, performance measurement, regulatory compliance, and organisational performance. A charity is as much a commercial concern as a […]

Achieving a successful exit for shareholders is the primary goal for the chairman of a private equity backed business. Here I share my top tips that lead to a successful exit and the role of the chairman in the process. The primary goal for the directors of a private equity backed company is to build […]

In this article, I explain what I believe are the 10 qualities of an inspirational leader, and what inspirational leadership is. Inspirational leadership goes beyond simply just managing a team or organisation; it involves motivating and guiding individuals toward a shared vision, fostering a positive and empowering environment. Furthermore, it is about creating a sense […]

After 23 years in turnaround situations, I am offering my ultimate guide to being a transformative chairman. This will require from you a combination of exceptional leadership skills, strategic thinking, and the ability to lead and inspire others, and drive positive change whilst facing a seemingly impossible task. Turning companies around takes skill and a […]

The role of Subcommittees – a vital role in the governance of a company. Michael Tait elaborates on their significance. Subcommittees play a crucial role within organisations and institutions, serving as smaller working groups that concentrate on specific topics or areas of responsibility. Instrumental in promoting efficiency, these subcommittees also play a pivotal role in […]

Inspiring staff in a turnaround situation is one of the biggest challenges of this work. Navigating a turnaround situation can be an arduous journey, demanding a unique blend of leadership and inspiration to steer your team towards success. Michael Tait shares invaluable insights into inspiring staff: Clear Communication: Effective communication is the cornerstone of any […]

Michael Tait has been a chairman for numerous years and has worked with some good and bad chairman during his years as a CEO. Michael shares this table of traits that compare good chairmen with poor ones.

Company acquisitions pose many risks. Michael Tait, Independent-Chairman, discusses the mains risks with company acquisitions in his experience. I have heard it said that 5 out of 6 acquisitions fail to meet what was hoped for. This suggests that either the strategic fit wansn’t well thought out or the integration of the aquired company was […]

The importance of cost consolidation in an acquisition cannot be underestimated. Cost consolidation is a critical aspect of the integration process when acquiring another company. The primary goal of cost consolidation is to help offset acquisition costs and improve overall operational efficiency. Here are several reasons why cost consolidation is important in the context of […]

Trade sale or secondary buyout – compared. Both trade sales and secondary buyouts are methods by which private equity firms can exit their investments in portfolio companies. However, they involve different types of buyers and have distinct characteristics. Michael Tait compares trade sales and secondary buyouts: Buyer Type: Trade Sale: In a trade sale, the […]