Entrepreneurship & Innovation

Board structure

morreale Friday 23 of August, 2013
AlleyWatch has a short article describing how to structure your board of directors and advisory boards. Some key factors include:
  • Board should have an odd number of members to prevent deadlocks.
  • Boards should be favorable to you, your vision, and the company.
  • Board members should bring real relevant value to the company.
  • Insure that outside board members aren't unduly biased toward a large shareholder. Loyalty should be to you or the company, and not a large investor.
  • Attracting a big name advisor in your space is very important.
  • Compensate your outside board members appropriately.