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How much should you compensate your startup company board of advisors/directors?

Who’s Who?   Directors - names are (in most jurisdictions) recorded on the public registrar, role is to protect the shareholders, accept some legal liability, vote on company major decisions. No ...

Confirm with the company constitutional documents when removing a director

Discussion: Sikh Cultural Society of Metropolitan Windsor et al v Kooner et al (2011, Ont SC) is relevant for highlighting the significance of an organization's bylaws as well as the process for organ...

Corporate Transactions Part II: CEO’s and Founders as Board Members

  A shareholder who is a founder and/or CEO may wish to entrench their decision-making powers as a company takes on more capital and dilutes the ownership. Whether such an entrenchme...

Corporate Transactions Part I: Confirming the Current Composition of Board Members

  As our entrepreneur clients grow and enter into commercial transactions and take on financing, frequent questions often asked include how to manage the composition of the potential...

Role of the Board of Directors: To Protect the Investors

Many early stage companies are directed by a unanimous shareholder agreement, under which the shareholders take control away from the board and make all decisions by requiring a unanimous vote of the ...

Choosing a Board of Directors or Board of Advisors For Your Business

Selecting a board of directors or a board of advisors is an important decision and should be given careful consideration. An early decision that company stakeholders will often make, to achieve their ...

Board of Director Formalities

An early stage company, once incorporated, is required to have a board of directors.  The role of the board is to protect the shareholders of the corporation.  In the case of a newly formed company,...
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