A board can be a powerful tool to get the most out of a company and its leaders. But there is an art to structuring the board and managing it, and it is often different when the board represents uninvolved financial investors versus insiders. We guide companies in setting up or managing their governance systems, and are available to sit on the board as well.
Many of us feel the pull to the dark side. The urge to make a few extra bucks or the need to keep the business afloat may push us to contemplate behaviors we would not normally consider. But this slide to the dark side exacts a terrible cost.
Ceil McCloy, CEO and her husband Dave Dobson, Co-Founder of Integrated Science Solutions, Inc. (ISSI), brought in outside board members as a strategic decision. Often businesses pay only lip service to their Board, just barely fulfilling legal requirements. But bolstering the Board’s role in oversight of your business can be very beneficial, as it has for ISSI.
Small publics that are struggling to raise capital can fall prey to fraud. Belinda Tsao-Nivaggioli, CEO of Avicena Group Inc (OTCBB AVGO), a lifesciences firm, illustrates how difficult it can be to detect and successfully deal with a fraudster.
Copyright ©2012 CEO to CEO. All rights reserved. | {Artkade}