Managing Company Transitions

07/28/2016 01:51 to watch
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One way you can use your board is to help you manage transitions. This could be transitions of individuals on the leadership team, transitions of the CEO out of the company, or transitions from being a private company to a public company. Using a certain board member’s expertise can be very valuable in these situations.

Suggested Readings

David Cohen. “Board Conflict Is Normal.” WSJ Accelerators. Blog column, April 4, 2014.

Feld, Brad and Mahendra Ramsinghani. 2013. Startup Boards: Getting the Most Out of Your Board of Directors. New Jersey: John Wiley and Sons Inc. Chapter 14 “CEO Transitions”.

Feld, Brad and Mahendra Ramsinghani. 2013. Startup Boards: Getting the Most Out of Your Board of Directors. New Jersey: John Wiley and Sons Inc. Chapter 16 “Selling a Company”.

Feld, Brad and Mahendra Ramsinghani. 2013. Startup Boards: Getting the Most Out of Your Board of Directors. New Jersey: John Wiley and Sons Inc. Chapter 17 “Going Public”.

Questions for You

Which of my board members specializes in negotiation? Selling a company? Leadership transitions?

What transitions, if any, do I see coming up? How can I prepare and manage them?

Tools and Exercises

Make a list of the possible transitions your company could make. Then assign each of these transitions to a board member (or members) based on specialties. Make sure you know who could help you with what situation.

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