….Beyond the Law. So the short answer is ‘yes, your corporation does need a Board of Directors’- it’s required by law. But let’s get to the more interesting question- ‘who should be on the Board?’ I have read many business plans and have observed many entrepreneurial startups. Experience tells me that a venture with a ...

“How strong is the management?” is one of the first questions investors ask when they are reviewing the quality of a company. But it is rare when one hears the question, “What about the board?” In my opinion, not asking this question is all too often a major oversight by both prospective investors and bioentrepreneurs. ...

Good boards don’t create good companies, but a bad board will kill a company every time.’ – Old Silicon Valley Saying Summary: Create a board of directors that reflects the ownership of the company and don’t let your investors control the board through an independent board seat.

….While the business was growing, the founders realized they needed to land big corporate clients. But how to get their attention? “We decided it would be incredibly valuable to have someone on our side of the table who had some direct industry experience, a ton of professional experience and who could vouch for us,” said ...