Over the next 6 months, Ashford Group completed what could only be called a textbook example of corporate governance reform.
Uncle Vincent and Uncle Damien received larger equity stakes and better dividends. Uncle Damien left the technical division to become president of the newly created Strategic Investment Department. The new position was two levels above his old one, but his actual authority was cut by more than half.
Uncle Vincent continued managing his projects, but all financial approvals were transferred to an independent Finance Committee.
Neither of them objected.
After all, they were taking home more money than before.
Three independent directors joined the board. One was the dean of Kingwood University School of Business, a highly respected figure in the industry.
Two ext
