suggest mitigation - approve Board mitigation plan - recommend changes in Management operating plan and budget - review, approve (or disapprove) Board changes in operating plan and budget Approve expenditures Board outside budget Approve expenditures, contracts, Board decisions outside limits Hire external Board auditors PERSONNEL: Hire, review, compensate, Board replace CEO Recommend Officers for CEO appointment Approve Board Officers Hire, review senior CEO management Compensate senior Board management
suggest mitigation - approve mitigation plan Board - recommend changes in operating plan and budget Management - review, approve (or disapprove) changes in operating plan and budget Board Approve expenditures outside budget Board Approve expenditures, contracts, decisions outside limits Board Hire external auditors Board PERSONNEL: Hire, review, compensate, replace CEO Board Recommend Officers for appointment CEO Approve Officers Board Hire, review senior management CEO Compensate senior management Board
Board-Governance-for-Early-Stage-Technology-Companies-complete.docx