I can’t begin to tell you how many entrepreneurs form a corporation, raise money, get a board in place and then figure out that they do not know anything about how corporate governance works. Things like “who makes what decision”, “what is the hierarchy of decision making”, and “when do I have to ask for board approval”. This is not the time to learn all this.
Fortunately, Joe Leo of Brown Winick Law provided a concise overview of this subject at the Raising Capital Seminar in March. You can check out Joe’s video and all the other speakers from the raising capital seminar in the Post Event Video Section at the BIZ