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Principle 4: Grant autonomy in a disciplined manner

Оглавление

Since the entrepreneur is vital to entrepreneurial value creation, the relationship between founders, funders and the board can be delicate. On the one hand, entrepreneurs want and need a high level of autonomy to succeed. Autonomy is a cherished motivation that entrepreneurs embrace when embarking on an entrepreneurial journey. At the same time, the board is expected to instill a degree of discipline and build a constructive counter-weight to a potentially free-wheeling and over-confident founder. The better the board masters this duality, the more trust they earn from investors.

Governance of Ventures

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