26 Startup boards: The good, (how to prevent) the bad, and the ugly
This chapter covers
- What is the typical makeup of a startup board of directors?
- In the startup ecosystem, what is the board’s role?
- How should you create meetings with perfect agenda, presentation, and post-meeting protocols?
If you are the CEO, the board is your boss. Regardless, the board is the ultimate authority on all decisions the company makes, whether explicitly or via proxy to the CEO. The board has huge responsibilities to protect investors’ interests, approve senior hires, decide on compensation for the CEO and other senior managers, weigh in on financing and acquisitions, and handle a myriad of other things every company has to deal with. In this anecdote, ...
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