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| ABOUT | ||
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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Wednesday, November 26, 2003 | |
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Entrepreneur's Board of Directors Guide | |
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Check out the extremely detailed guide to help entrepreneurs set up a Board of Directors. It is available online at the Telecommunications Development Fund, a venture capital firm for companies in the telecommunications industry. (The guide applies to a corporation in any line of business, and not just to telecomm firms.)
This guide is quite practical. It is designed for small businesses that are setting up a Board for the first time. It assumes the entrepreneur has no experience with a Board of Directors, and covers:
2. How do I "control" my Board? 3. Who should be on my Board? 4. How do I recruit members of the Board? 5. How does the Board operate? 6. How much should I pay directors? 7. Should I have directors' and officers' (D & O) insurance? 8. How do I change the composition of the Board as my business grows? 9. Should I have an advisory board? 10. How do I avoid disaster? VC firms can seem forbidding to entrepreneurs, and not very mentor-like. Most have not done much to train entrepreneurs, certainly not in any formal way. Could this be an example of a nascent trend by VCs to mentor and educate entrepreneurs? |
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