In April 2015, 35 experienced non-executives from the oil and gas community gathered in Aberdeen to hear from Sir Nigel Rudd, chairman of BGF, and to discuss the challenges of managing high growth and entrepreneurial companies.
The group discussed the common challenges of chairing businesses which are growing rapidly, the importance of getting the right relationship between an owner-manager and the chairman, and some of the skills that make a good chairman in a smaller company environment.
The dinner was held at the iconic Silver Darling restaurant on the Aberdeen harbour front, and was jointly hosted by BGF and FWB Park Brown, a leading executive search firm in Scotland and in the global oil and gas industry.
The 35 guests represented over 100 current non-executive appointments, including a range of owner managed, investor backed and public companies. A number of the guests commented that this is the first forum for non-executives in Aberdeen, and highlights the desire of both BGF and FWB Park Brown to work in partnership with the non- executive community.
Mike Sibson, who leads BGF’s investment activity in the Aberdeen office, highlighted the fact that introducing experienced non-executive directors to companies is a key part of BGF’s model.
“A core objective for BGF is to make a difference to the businesses in which we invest. The central plank of how we do this is the introduction of a chairman or non-executive director who knows the industry, who understands the business, and who has been through some of the challenges of growing an entrepreneurial business before. To date we have introduced over 70 chairmen and non-executives to our portfolio companies, and in our experience it has the potential to be transformational for the business.”