Building a strong, effective board is one of the most important steps a young company can take to facilitate all of its strategic and operational initiatives and ensure that it is primed for success. Yet, amid all the demands of a startup company, many companies put building the board on the backburner.
“Building the venture-backed board post Sarbanes-Oxley” examines the dynamics associated with building a successful board of a VC-backed company. The article is the result of research into the board composition and practices of all of the high tech and biotech venture-backed companies that went public in 1996 as well as conversations with dozens of leaders of VC-backed companies. It identifies seven best practices for building the boards of venture-backed companies and explores whether these practices still apply in the current regulatory environment.
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