What’s the best way to manage your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
The Board Of Directors: Board Committees – AVC

The Board is required to provide oversight on the Company’s financial statements, the Company’s compensation plans, and the ongoing maintenance of the Board. As such when a Board gets big enough to justify them, it makes sense to create committees of the Board to deal with these specific responsibilities. A good question to start with is “when is a Board big enough to need committees?”. A three person Board should not have committees. The Board … (read more)