What’s New in the Expanded “A Simple Guide to the Basic Responsibilities of VC-Backed Company Directors”?

Today the Working Group on Director Accountability and Board Effectiveness released an expanded version of "A Simple Guide…".  The new material covers three main areas–

Details on how to conduct a board peer review; a process outline for conducting an annual CEO review; and how and why you need to consider internal controls (particularly as an audit committe) at the same time that you are considering governance process implementation.

We also expanded the section on the importance of having aligned interests around the board table– both economic and strategic, outlining some of the key questions that need to be discussed to get to the bottom of these thorny issues. 

If you’ve read the paper before, the bulk of the new material is on the following pages:

How to Achieve an Aligned and Effective Board– page 4

Development Stage, Governance Process, and Internal Controls– pages 6 -9

How to Evaluate Your Own Participation on the Board– page 19

How to Conduct an Annual CEO Performance Review– page 20

How to Conduct an Annual Board Peer Review– page 21

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