WGU Legal Aspects of Entrepreneurship Roles of Board of Directors in Startups

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Business Finance

Western Governors University

Description

This week's assignment examines the benefits of a board of directors to a startup.

  1. Select a startup that you deem to be innovative. This may be a startup that you are familiar with as a customer, or a startup that you've read about. You can also explore startups via AngelList (Links to an external site.),Crunchbase (Links to an external site.), etc.
  2. Identify the board of directors. These may be listed on the startup's website or in their press section. Online directories like AngelList (Links to an external site.) and Crunchbase (Links to an external site.) may list them as well. Also feel free to contact the startup directly to inquire on their board of directors.
  3. Analyze the board of directors. Develop a 2 to 3 page analysis of how these specific board of director members add value to the startup. Your analysis should not be limited to bios of the directors, but should specifically explain what each director adds that benefits the goals, mission or purpose of the startup.

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Explanation & Answer

Attached is the assignment

Running Head: BOARD OF DIRECTORS IN STARTUPS

Board of Directors in Startups
Institutional Affiliation
Name
Date

BOARD OF DIRECTORS IN STARTUPS

2

Board of Directors in Startups
It's regular for financial specialists to verify their interests in another organization by
expecting new companies to make an outside seat for them on the top managerial staff. Is it to
the greatest advantage of a business person to acknowledge such a recommendation? It may be if
the speculator has an excellent reputation for being imaginative, dynamic and key. Being great
associated with different speculators, guides, and chiefs is another solid motivation to consider
adding a financial specialist to the board. Past knowing bunches of gifted individuals, business
visionaries ought to think about another executive's notoriety and how well they keep up
associations with others inside their systems. (Mardinian, 2019)
Board directors have lawfully named positions that speak to the best advantages of the
investors. Board directors have guardian obligations to secure investors and different partners.
They are relied upon to hold exclusive requirements of moral and budgetary conduct. The
essential obligations of board chiefs are strategizing and giving oversight. One of the essential
ways that they satisfy their obligations is by ensuring that the organization has...


Anonymous
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