Anu Hariharan on Managing a Board | Summary and Q&A

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Anu Hariharan on Managing a Board

TL;DR

This podcast discusses the best practices for managing a board of directors, including board composition, structuring board meetings, handling conflict, and building trust.

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Questions & Answers

Q: How should a founder approach board composition in the early stages of a company?

In the early stages, board composition often includes the founders and seed investors. As the company grows and raises funding, additional outside directors are added to bring industry expertise and independent viewpoints.

Q: How can founders ensure productive board meetings?

Founders should establish a structured agenda for board meetings, prioritizing key strategic topics. It is important to create an environment that encourages open and constructive discussions, while also respecting the CEO's decision-making authority.

Q: How should a founder handle conflict among board members?

Conflict among board members is common and should be expected. It is the CEO's responsibility to manage disagreements and make decisions that align with the company's best interests. Constructive feedback and open communication can help navigate conflicts effectively.

Q: How can a board member add value to a company even if they have limited industry experience?

While industry experience can be valuable, there are other factors to consider when selecting a board member. Trust, the ability to help with fundraising and hiring, and strong strategic decision-making skills are important qualities that can make a board member valuable to a company.

Summary & Key Takeaways

  • Board composition typically starts with the founders and seed investors, and evolves as the company grows and raises more funding.

  • Structured board meetings should focus on key strategic topics and provide a platform for open and constructive discussions.

  • Conflict among board members is common, and it is important for CEOs to navigate disagreements while maintaining trust and making decisions that align with the company's best interests.

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