Guidelines on the Corporate Governance of Startups

1. Select a board adapted to the phase and goals of your start-up
2. Pick the right individuals
3. Pick the right mix of individuals
4. Educate even “experienced” board members in start-up governance
5. Agree on the role of the board of directors
6. Avoid, mitigate, and manage conflicts of interest
7. Formalize the delegation to management and the governance principles
8. Build team spirit during a peaceful time
9. Run effective and efficient board meetings
10. Manage and mitigate your liabilities

The guidelines were developed by Roch Ogier, Michael Hilb, and Virginie Verdon (Carniel)