Startup Terminology

Board Director

Board directors are individuals elected by shareholders to oversee a company's management and strategic direction. They make important decisions and guide the executive team.

Arbo Team
Jul 18, 2023

What is it: Board directors are individuals elected by shareholders to oversee a company's management and strategic direction. They make important decisions and guide the executive team.

Why is it necessary: Board directors are essential because they provide accountability for the management team. They also help to ensure that the company is making sound strategic decisions.

Formulas: No, there is no formula associated with board directors.

How can this be used for startups: Startups can use board directors to provide guidance and mentorship. They can also use board directors to help raise capital and to connect with potential customers and partners.
Startup Terminology

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