Is Building A Board Of Directors Essential For Small Funds/acquisitions?

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09/10/2020 Redacted Redacted

searcher Georgia State University University of Alabama - Birmingham

IS BUILDING A BOARD OF DIRECTORS ESSENTIAL FOR SMALL FUNDS/ACQUISITIONS?

3 likes 124 views 7 comments

searcher New York University - Leonard N. Stern School of Business State University of New York Empire State College - 09/10/2020

Not essential but beneficial.

like reply | 0 likes

searcher Georgia State University University of Alabama - Birmingham - 09/10/2020

Would you suggest building one from the start or after an acquisition or 2?

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searcher New York University - Leonard N. Stern School of Business State University of New York Empire State College - 09/11/2020

I would start having conversations with people even before acquisitions it can actually help with those people being invested in helping find deals. BOD is to help you navigate the learning process of CEO and help avoid stumbling over easy hurdles , and properly navigate the tough ones. At least one should have industry experience where your acquisitions are and hopefully again they'll help with desk flow and possible top line improvement by connecting you with people. Feel free to PM me

like reply | 1 like

searcher Georgia State University University of Alabama - Birmingham - 09/11/2020

Thanks for the perspective Jay!

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searcher Stanford University California State University, Fullerton - 09/10/2020

https://jimsteinsharpe.com/z-runningsme/board-of-directors/ has some interesting thoughts. My takeaways - a BoD for a formal search fund is in the cards. A BoD for a self-funded search could be structured more like an advisory board. Of course lots of nuances in between

like reply | 2 likes

searcher - 09/10/2020

Great article by Jim Stein. Thanks for sharing. Numerous valuable points.

like reply | 2 likes

searcher Instituto Tecnológico de Buenos Aires - 09/11/2020

Thanks for sharing! Very useful

like reply | 1 like

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