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This decision includes considering whether to add IT expertise to the board or engage outside consultants.
The administration's plan would allow the Treasury to hire staff members and engage outside firms to help manage its purchases.
Finally, a growing tendency to engage outside experts has improved the quality of board decision making in recent years.
But partners at a half-dozen other big bellwether firms and lawyers at corporations, who sometimes engage outside counsel, say they are more often seeing different pay arrangements.
The company also disclosed a new initiative that will engage outside experts to work with McDonald's to help "evolve" those policies and procedures.
To this end, it may be appropriate for boards and committees to engage outside consultants to assist them in both the review of the company's risk management systems and also assist them in understanding and analyzing business-specific risks.
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— Those who falter will avoid engaging outside resources to help, claiming frugality or confidentiality.
But before engaging outside experts, virtual or nonvirtual, it helps to have at least a basic understanding of the valuation process.
"My understanding is the attorney general's office has to send you a letter saying that they have conflict," Mr. Grandeau said when asked about the process for engaging outside counsel.
While some of this money went to engaging outside speakers for an inset day, the majority of it went toward hiring supply teachers so that the team leaders could spend whole days visiting colleagues' classrooms to gather data.
But even without engaging outside help, entrepreneurs can make their companies more valuable to potential buyers just by being more disciplined about how they develop even early versions of their products.
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