I also found the section of Charity Entrepreneurshipâs Book on Boards (Chapter 26: âWisdomâ) really interesting, from the perspective of the âCEOâs.
They suggest having two separate âboardsâ:
An informal âAdvisory Boardâ that helps with advice, mentoring, domain expertise, signaling, fundraising and personal support; but has no legal power. Example terms: https://ââbit.ly/ââCSHterms
A formal Legal Board that handles finances, legal compliance, evaluates the executive team, and also provides advice
Lots of comments on Hacker News and LessWrong.
I also found the section of Charity Entrepreneurshipâs Book on Boards (Chapter 26: âWisdomâ) really interesting, from the perspective of the âCEOâs.
They suggest having two separate âboardsâ:
An informal âAdvisory Boardâ that helps with advice, mentoring, domain expertise, signaling, fundraising and personal support; but has no legal power. Example terms: https://ââbit.ly/ââCSHterms
A formal Legal Board that handles finances, legal compliance, evaluates the executive team, and also provides advice