In front of a packed audience, Art Mertes moderated a Private Directors Association (PDA) panel of private equity company thought leaders, experienced principals, and executives who shared their insights and strategies on managing, planning, and executing across economic cycles. Among the topics discussed was the role of the board in seizing opportunities during a strong business cycle and how the board addresses talk of a downturn. The event, co-sponsored by Tucker Ellis, was held in Chicago on June 19.