Entrepreneurs · Entrepreneurship

What is the right board structure?

Sahedi Khan Internet Marketing Executive & Web Developer

September 20th, 2016

This piece is many times understood by many of the entrepreneurs that I have come across during my career. At this point I am working on putting together a board for a Series A stage startup. What is the right structure for this and what are the profiles that should be involved?

Mark Shaw CEO at NEOS HR

September 20th, 2016

Saheid.  What ever the structure, maqke sure you have a strong Finance person and a strong Marketing person to guide you.

5 * Agents for a TV Channel Franchise

September 20th, 2016

The Basic simple structure should be a Managing Director and a Board of Directors,usually inaugerating 3 persons on the Company register is enough to establish a voting quorum.

Ed Salley President, The Salley Group

September 20th, 2016

I have found that at least one board member should be an "independent" board member, who has experience in the business domain of the company and thus can truly advise/act independently, without regard to their "investment" which other members may not do.

Martin Omansky Independent Venture Capital & Private Equity Professional

September 20th, 2016

We suggest a small board - 5-7 members. No more than 2 employees. One or two industry veterans, one financial person, one subject matter specialist. No lawyers. Sent from my iPhone

Ayelet Ph.D. Co-Founder & CEO Capsoole Inc.; Dr. Hirshfeld; Advisor @ Earn2Learn

September 20th, 2016

blockquote, div.yahoo_quoted { margin-left: 0 !important; border-left:1px #715FFA solid !important; padding-left:1ex !important; background-color:white !important; } This is an interesting question. Mainly because by forming the company the founders become directors of the board. A board is not required in fact there are many forums in the Bay Area where there is a rotating board -- you rely on professionals each from a different domain for consulting (I.e., lawyer corporate, IP, accountant, etc). There is great benefit for a board when it includes domain experts relevant to your respected field. Typically they either invest in the company or contribute hours of consulting 5-10 hours per 1% is standard. See Vistage re: rotating board.  Sent from Yahoo Mail for iPhone