Category

Board of Directors

What’s a Fair 409A Discount?

Quick note: I’m not your lawyer. I’m not giving legal advice in this post. Back in the olden days of venture capital, company boards had wide discretion in pricing company options. As is true today, there was a requirement that options be priced at or above the “fair market value” of the underlying stock (otherwise…

2012 Planning / Working Together

It’s been way too long since my last post. I was going to jump in with a post on not blogging, but thought better of it. Better to actually do than write about whether to do or not do. So much for my resolution to write/blog more this year… Hopefully this was just a January…

"The Board"

I’ve written before on effective board communication, how to run effective board meetings and other "governance" topics related to companies and their boards of directors. Today’s post is a little more ethereal. I’ve noticed a real difference in how various CEO’s I work with refer to their boards – particularly when talking internally to the…

Serial vs. collective board communication

Board communication has been the topic of a handful of conversations over the past few weeks as several of the companies I work with have grappled with both the right level of communication as well as the correct forum for certain board level discussions and decisions.  Although there are a handful venues in which boards…