What are potential BoD structures where CEO is majority owner?

by a searcher from University of Pennsylvania - The Wharton School

3 years ago

This looks different than a traditional company/search where the searcher/CEO is a minority shareholder and the board can usually fire the CEO. What are examples of good governance in terms of board structures or minority rights when the CEO controls the business?

3 likes
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9 comments

searcher

^Searchfunder member‌ I'm curious, what did you end up doing and what did you learn from it?

1 year ago | like reply | 0 likes

searcher

Agree with ^Searchfunder member‌. Sounds like you are in need of a strong advisory board. Compensate them well (cash comp + vesting equity + travel expenses (when its possible again!)) and the can provide you guidance - they need to have some "skin in the game" to stay involved. You should also consider joining groups such as Vistage so you can get feedback from other strong operators.

3 years ago | like reply | 2 likes

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