When it comes to board composition, there’s no doubt that the good ol’ white boys club is being dismantled, but a new report suggests there’s still a long way to go before U.S. boards can shine as an example of equality.
Composition of a board does not always guarantee effectiveness; what does are the personal attributes of the individual directors.
While an early-stage startup benefits from the sophistication, experience and network of the seasoned directors designated by venture funds, it also creates risk of liability with structural conflicts of interest under Delaware corporate law.
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