> You need someone you really trust, who is 100% independent
The examples here are not 100% independent, given prior friendships or working relationships with the founders. Terms will stipulate that the assignment of an independent director
be "mutually agreed upon by the other board members" (e.g. founder and investor).
The examples here are not 100% independent, given prior friendships or working relationships with the founders. Terms will stipulate that the assignment of an independent director be "mutually agreed upon by the other board members" (e.g. founder and investor).