The Board Of Directors: Board Committees

Posted on by Fred Wilson & Jason Li

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A Board has real work to do. In addition to the most important work which is providing strategic advice, accountability, and feedback to the CEO and the management team, the Board is required to provide oversight on the Company’s financial statements, the Company’s compensation plans, and the ongoing maintenance of the Board.

As such when a Board gets big enough…

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The Board Of Directors: Board Meetings

Posted on by Fred Wilson & Jason Li

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The Board Meeting is the primary way that Boards function. This post is about making Board meetings effective and helpful for everyone involved.

A Board cannot be effective if it doesn’t get together frequently. Some Boards meet monthly. I like that approach when the Company is young and there are a lot of changes happening frequently. But for most companies,…

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The Board Of Directors: Board Chemistry

Posted on by Fred Wilson & Jason Li

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One of the least discussed elements of a Board of Directors is the chemistry among the Board members. It is critical to a well functioning Board but not always considered in Board construction.

Like a well functioning startup or a top flight sports team, the chemistry between the participants on a Board must be strong. That doesn’t mean they need…

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The Board Of Directors – Selecting, Electing & Evolving

Posted on by Fred Wilson & Jason Li

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Every company should have a Board Of Directors. At the start it can simply be a one person board consisting of the founder. But it should not stay that way for long. Because if you are your own board, you won’t get any of the benefits that come with having a board. These benefits include, but are not limited to, advice, counsel,…

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