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Venture Governance – The Hidden Driver of Entrepreneurial Value Creation

Prof. Dr. Michael Hilb

Abstract

[11] The contribution of the venture board to entrepreneurial value creation and its pivotal role in venture ecosystems is often overlooked despite a long history of venture governance. This article examines the relevance of venturing in creative destruction and highlights the challenging and changing role of the venture board as companies evolve. It also introduces six principles of excellence for the venture board to uphold when mastering the dualities of venture governance. The article closes by discussing the future of venture governance and its impact on the continued evolution of corporate governance.

Author

Michael Hilb is Founder and CEO of DBP Group, a business group that develops growth platforms in Asia and Europe. He serves on various supervisory boards, including Klingelnberg and the Board Foundation, is Titular Professor at the University of Fribourg, Switzerland, and lectures on issues of strategy, entrepreneurship and corporate governance at universities in Asia and Europe. Michael graduated from the University of St. Gallen with an MSc and a PhD in Management, was a Visiting Fellow at Harvard University and INSEAD and completed executive education programs at IMD, HBS and MIT.

Governance of Ventures

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