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Principle 6: Be temporary, but be persistent

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One method of dealing with the specialized generalist challenge, as described above, is to change the composition of the board as circumstances dictate. Different stages in a company’s lifecycle and special strategic challenges, such as a public listing or an acquisition deal, require diverse profiles and personalities. Hence, members of venture boards should accept temporary tenures. Though shorter, the tenure will be no less intense given the many challenges to tackle, meaning that persistency and experience of overcoming obstacles are pre-requisites.

Venture governance is about mastering the dualities of corporate governance in an engaging manner.

Governance of Ventures

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