- Australian Technology and IP Business - http://www.langes.com.au/technologyip -

Being a director of a VC-backed company

Posted By David Jacobson On February 11, 2007 @ 5:41 am In Legal,Venture capital | No Comments

A VC Working Group On Directory Accountability And Board Effectiveness has released a White Paper on " A Simple Guide to The Basic Responsibilities of VC-Backed Company Directors [1]" (simple registration required).

The Guide covers the following topics:

  • What You Need to Know Before Joining the Board
  • Defining the Board’s Essential Role
  • General Duties and Responsibilites of Private Company Directors
  • Summary of the Legal Requirements of Board Service
  • Common Characteristics of Effective Private Company Boards/Directors
  • Common Characteristics of Ineffective Private Company Boards/Directors
  • Minimum Service Expectations of VCBC Directors
  • Minimum Expectations of Board Service for Management Directors
  • Minimum Expectations of Board Service for Independent Directors
  • Minimum Expectations of Board Service for VC Directors

The Guide also provides some useful board and director evaluation tools.

It is easy to read and provides a good introduction for someone who is approached to serve on a start-up board.


Article printed from Australian Technology and IP Business: http://www.langes.com.au/technologyip

URL to article: http://www.langes.com.au/technologyip/2007/02/11/being-a-director-of-a-vc-backed-company/

URLs in this post:

[1] A Simple Guide to The Basic Responsibilities of VC-Backed Company Directors: http://www.levp.com/news/whitepapers.shtml

Copyright © 2011 Langes+. All rights reserved.