Hubspot CEO Brian Halligan: Navigating Startup Boards
"World of DaaS"
Board Member Transitions
- Regularly check in with board members to gauge their fit and address any mismatches.
- A lead director with extensive board experience can be invaluable, especially during transitions like IPOs.
- Separate the roles of chairperson and lead director, even if the CEO becomes chairman, as this is often preferred by investors and regulators.
- Be mindful of both explicit and implicit regulations to avoid issues with proxy voting.
- Co-founders with complementary strengths can contribute to long-term stability.
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