Key Relationships of a Startup Board
"A successful start-up is a smoothly functioning network of relationships. In defining the effective start-up, the venture board must develop strong working relationships with each of the key stakeholder constituencies that form the enterprise: the CEO, the top executive leadership team, and the other shareholders. They must also develop a positive internal climate in their own relationships. An effective venture balances, respects, and draws upon each of these groups, while also maintaining proper boundaries and appropriate roles for each one."
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