Table of Contents
FOREWORD ix ACKNOWLEDGMENTS xiii
PART ONE: OVERVIEW 1
CHAPTER ONE Introduction 3
CHAPTER TWO What Is a Board? 11
PART TWO: BUILDING YOUR BOARD 23
CHAPTER THREE Creating Your Board 25
CHAPTER FOUR Recruiting Board Members 49
CHAPTER FIVE The Formal Structure of the Board 63
CHAPTER SIX Aligning Your Board 71
CHAPTER SEVEN Is an Advisory Board Useful? 77
PART THREE: THE BUSINESS OF THE BOARD MEETING 85
CHAPTER EIGHT The Actual Board Meeting 87
CHAPTER NINE Motions and Votes 101
CHAPTER TEN Legal Challenges 111
PART FOUR: COMMUNICATIONS 115
CHAPTER ELEVEN Managing Ongoing Expectations 117
CHAPTER TWELVE Trying New Things 131
CHAPTER THIRTEEN Communication Confl icts 135
CHAPTER FOURTEEN CEO Transitions 143
PART FIVE: TRANSACTIONS 151
CHAPTER FIFTEEN Financings 153
CHAPTER SIXTEEN Selling a Company 157
CHAPTER SEVENTEEN Going Public 167
CHAPTER EIGHTEEN Going Out of Business 173
CHAPTER NINTEEN Conclusion 179
APPENDIX
Checklist 1: Preparing Your Board Package 183
Checklist 2: Conducting Your Board’s Annual Assessment 185
Checklist 3: Question for Your Legal Counsel 187
Checklist 4: Should You Get Directors and Offi cers Insurance? 189
Checklist 5: Stock Option Grants and 409A Valuation 191
NOTES 195
INTERVIEWS 199
BIBLIOGRAPHY 201
ABOUT THE AUTHORS 203
INDEX 205
Excerpt from Startup CEO 211