Meghan Juday is an enthusiastic champion for family business. Her dedication to the global family business community is rooted in her experience as the fourth-generation leader and Non-Executive Vice Chair of IDEAL Industries, now 103 years old. Meghan has served on the IDEAL board as a director and subsequently Nominating and Governance Committee Chair until she took over the role of Vice Chair in 2018.

In her role as Nominating and Governance Committee Chair, Meghan transformed the board through the development of additional committees, recruiting two new directors, developing and implementing a merit-based Family Leader Development Program to help family members become qualified to serve as a family leader, voting trustee, or director; developing and implementing a board skills matrix, and developing a board
member evaluation program.

Prior to her role as Vice Chair, Meghan served as Family Council Chair for 14 years, acting as a liaison between the board, shareholders, and management. Some of Meghan’s greatest successes as Family Council Chair includes implementing innovative family governance practices to ensure that the family can keep pace with a transforming business, changing the mindset of the family towards stewardship and long-term
decision making to ensure that the family is acting as the best possible partner with the board and management, developing an inclusive and transparent decision-making environment to help build engagement, relationships, and trust across all 50 family members, and developing and implementing the IDEAL Family Development and Education program, unique in the industry, which allows all family members equal access to leadership and director roles, the selection of which is merit-based.

Her innovative work at IDEAL has allowed Meghan to contribute to the field of family business as a thought leader. She worked to build a robust family business education program as Interim Director of the Initiative for Family Business and Entrepreneurship at St. Joseph’s University. She also started a family business consulting company, Family Business Strategy Group (FBSG), to support strong stewardship, leadership
development, and smooth transitions from one generation. Meghan worked with families to help develop family governance, family directors, and establish or revamp their corporate boards. Meghan is a sought after public speaker and worked to develop the Family Business Stewardship Institute and Governance Institute at the Loyola Family Business Center.

Her ability to work with IDEAL and other family businesses is rooted in her previous work as a business analyst and project manager at CSC, Computer Sciences Corporation, where she consulted for diverse clients in both private and public sectors. Meghan was one of the first graduates of the Family Business Stewardship Institute at the LFBC. She also sits on the board at the Germantown Cricket Club, as Squash Chair. Meghan has a BA from St. John’s College in Santa Fe, NM where she graduated in 1994 with a concentration in Mathematics and Philosophy.