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A VC: The Board Of Directors: Role and Responsibilities

by oseres (via)
This is the first of a series of MBA Mondays posts on the topic of The Board Of Directors. I want to dig into the role and responsibilities of the Board as a way to kickoff this series. But first a few disclaimers. I am not a lawyer and I am not giving out legal advice on this topic. I am a practicioner and am telling you the way I see it and what I've learned over the years. I think both are important perspectives. You will have to look elsewhere for the legal view on this topic. The Board of Directors is the governing body for a company. All major decisions will need to be ratified by the Board. You will need the Board's approval to sell your company. You will need the Board's approval to hire or fire a CEO. You will need the Board's approval to do a major acquisition. You will need the Board's approval to do a major financing, including an IPO. On all matters of major strategic importance, the Board will need to be engaged, involved, and supportive. However, the Board should not run a company. That is the role of the CEO and his/her senior management team. The Board's job is to make sure the right team is at the helm, not to be at the helm themselves. Boards that meddle, that get too involved, that undermine the management team are hurting the company, not helping the company.

Hawaii Forum

by hawaii Let's talk story!




Welcome - Fritzing

by 4004
Fritzing is an open-source initiative to support designers to take the step from physical prototyping to actual product. A tool that allows users to document their Arduino and other electronic-based prototypes, and to create a PCB layout for manufacturing.




by minijogos
Play games for free at MiniJogos. Play addicting online flash games for free.

stress free summer shopping with hot

by tommiG
summer is on fire! We offer you the finest selection from beachwear on the planet we have brands like: Iriedaily, Analog, Ästhetiker, Hurley, Seed, Ili and many more. Flip Flops, Boardshorts, Bikinis, T-Shirts all you need. Our magazine is not down, we fill it out with news daily so if you want to know where the next party is burning or which contest is the best, check it out.

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