Recently Published Articles By Barry Gilbertson
Why do so few companies have a property specialist among their directors?
A corporate balance sheet has three components: money (cash, debt and equity), goodwill and assets. Boards tend to have money-savvy accountants and sector specialists, but who is looking after the fixed assets? If most companies’ major fixed assets are the properties they own or lease, why are there so few property experts on the board? Read the rest of this entry »
What can and should companies be doing to survive? Read Barry’s CoStar Guest Column…
A recent RICS survey asked people running small property companies and professional services firms to rank the challenges they faced. Before branching out on my own this year, I spent the last 15 years as a partner at PwC helping companies in distress to survive by reducing costs or to increase profits, so I found this fascinating. Read the rest of this entry »
Why there are so few property experts on the board? Read Barry’s CoStar’s Guest Column to view the article in full or read below.
Writing for CoStar Barry suggests ways to break through barriers.
When I was growing up as a surveyor, I was always surprised that boards of companies, whether public or private, did not have more property expert directors. Why ? Well, it seemed to me that, simplistically, a corporate balance sheet really only has three basic components : money (cash, debt, equity), goodwill and assets. For most companies, the fixed assets are the properties that they own or lease. Without such expert real estate knowledge right at the top of the company, how can the right strategic property decisions be made, and how can the board best determine where, when and how to buy, lease or occupy property from which to trade, or in which to invest.