Managing Your Long-Term Relationships

07/28/2016 04:47 to watch
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Having a board that you’re comfortable with and like spending time with gives you a chance to detach from the day-to-day of the business a little bit while you think about the business more broadly. In doing this, you want to create a relationship with each individual board member as well as a cohesion between the board members themselves.

Suggested Readings

Founders School || Startup Boards || Managing Your Long-Term Relationships || Impact Guide (PDF).

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 11 “Managing Ongoing Expectations”.

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 13 “Communication Conflicts”.

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

Questions for You

Do I have a relationship with each individual board member? Which relationships can I improve?

Have I created cohesion amongst the board members? How can I foster this?

Have I set expectations and responsibilities for each board member and their role?

How do I manage the relationship between team members and board members? Can this be improved?

Do I make it clear to board members why I’m making the decisions I’m making, despite whether it conflicts with their given advice?

Am I transparent with the board about what’s going on with the company?

Questions for Your Team

Do I feel comfortable speaking to board members?

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