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Board of directors 101
How to successfully work with your board of directors
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Board of Directors
The Board of Directors of a company are the people elected by the stockholders to be responsible for the management of the company.
How to Handle Changes on Your Board of Directors Blog Post
Departing Directors Board members tend to stay with companies for a relatively long time, but, like employees, sometimes it makes sense for a board member to leave. Here is what I…
What Decisions Need Approval From Your Board of Directors? Blog Post
If your company is a Delaware corporation, you need a board of directors. Delaware law provides that the business and affairs of every Delaware corporation shall be managed by or…
Time Talent Treasure: Advice for Nonprofits on Choosing Board Members Blog Post
The Board of Directors is a key pipeline for resources for any US nonprofit organization. Most nonprofits do not pay Board members for their service, so organizations rely upon dedicated…
Too Small, Too Big, Just Right: The Goldilocks Size for a Nonprofit Board Blog Post
Nonprofit organizations in the US often ask how big their Board of Directors should be. Boards that are too small can fall short of their goals or stagnate, but Boards…
Board Minutes
Board minutes are a summary of what occurred at a meeting of the Board of Directors.
Process Counts – Board Considerations When Contemplating a Sale Blog Post
Many thanks to Al Browne for his contributions to this article. Whether you are a founder or venture investor sitting on the board of a portfolio company, you have fiduciary duties to…
What You Need to Know About Board Meetings and Record Keeping Blog Post
Although the executive officers (such as the Chief Executive Officer and Chief Financial Officer) generally handle the day-to-day operations of the business, the board of directors is ultimately responsible for…
15 Tips for Successful Board Meetings After Raising Venture Capital Blog Post
One of the best ways to assure your investors that your company is operating effectively is to have good governance practices in place. A well-functioning Board of Directors having regular meetings…
Executive Session
A Board of Directors can hold a meeting or a portion of the meeting with only non-employee directors, called an executive session.
Audit Committee
An audit committee is a committee of a company’s board of directors that is delegated the responsibility to oversee financial reporting and disclosure.
Underwater? Private Company Stock Option Repricing Basics Blog Post
In a volatile market, companies may see their stock value drop significantly. This can result in employees and other service providers holding stock options that are “underwater” or “out of…
Beneficial Ownership Reporting Requirements under the Corporate Transparency Act: What You Need to Know Blog Post
As a result of changes in US law, most newly formed companies, as well as many existing companies, will need to comply with the beneficial ownership information (BOI) reporting rule
What is a ‘Drag-Along’? Blog Post
This article defines what a ‘Drag-Along’ is