ABSTRACT
Varying roles of your board of directors ................................................................................. 361 Size, makeup, and committees of the board ..........................................................................363 Where to fi nd potential board members ................................................................................. 367 Common equity compensation for a board member ............................................................ 367 Meetings: How often and what do you cover? ...................................................................... 372 Advisory boards ......................................................................................................................... 378 Matters that the board of directors should approve .............................................................380 Sample board minutes ............................................................................................................... 381
For many entrepreneurs, thinking about your board of directors may seem to be low on your list of priorities. Some entrepreneurs will decide to have a single-member board of
directors, whereas others will have a board made up of just the management team and perhaps a few confi dants.
