Startup Boards: Getting the Most Out of Your Board of Directors by Feld Brad & Ramsinghani Mahendra

Author:Feld, Brad & Ramsinghani, Mahendra [Ramsinghani, Mahendra]
Language: eng
Format: epub
Publisher: Wiley
Published: 2013-12-08T21:00:00+00:00

Orienting Your New Board Members

When you add someone to your board, the CEO, along with one of the existing board members, should take the responsibility for orienting the new board member. New board members should be familiar with the legal structure and capitalization of the company, understand the current business model, and be up to speed on the status of the company.

While many companies handle this informally, a board orientation package is a good discipline for helping integrate a new board member. Think of this as what you would use to orient a new employee with a few extra items, including:

Bios of current board members, observers, committees, and their contact information.

Review of materials: board handbook, policies, past minutes.

Board meeting schedule.

Current board policies and practices, including committees, decision-making procedures, observer roles, liabilities and insurance coverage, ind true 10 perce

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