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I can certainly see how investors might only want investors on the board! Screw the other owners! That would be sketchy!
by harryh 10y ago
I can certainly see how investors might only want investors on the board! Screw the other owners! That would be sketchy!
- Retric 10y agoYou can find stations that break down like this: CEO and CXX of company A is on company B's board. CEO and CXX of company B is on company C's board. CEO and CXX of company C is on company A's board. Now, no direct conflict of interest, but you can see the issue. Especially when CEO of company A also sit's on company A's board. So, yea on it's own the co-founders on the board is not a big thing. But, looking into the board should be part of due diligence. PS: You can also see issues when VC's make up the majority of the board, but that's less common with public companies. (Let's buy up little company X that my firm invested in.)