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Ask Jay: What Does a Board of Directors Do?? - Ask Jay

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Uploaded by on Oct 4, 2011

Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today, he discusses what the role of a company's board of directors plays.

Have a question about launching a business that you want answered? Comment or add a video response!

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http://www.twitter.com/jayadelson

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askjay@revision3.com

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ABOUT ASK JAY:
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Submit questions to learn how to turn any business idea into reality and maybe even change the world

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Uploader Comments (askjayadelson)

  • Hey Jay, as always great video and advice. Question, does every business need to have a board of directors or are they just for publicly traded companies since they are loyal to shareholders? Again, great video and advice and keep'em coming...

  • @BeatTheBrave Every independent corporation, technically, has a board. I believe there are other options for different corporate structures, but definitely in the case of my companies (C-corporations). You don't need to be public to have a board. -Jay

  • I cant wait to have a board of directors just so I can have some people who are as excited about my project as I am. Getting doors slammed in my face and going on wild goose chases for funding is getting old. lol

  • @JKGeary Yes, you could be the sole board member... You don't need to find board members to start the business.

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All Comments (12)

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  • Can you please suggest me a hierarchy structure for NGO?

  • Dont become an alcoholic :) cheers!

  • @askjayadelson Thanks Jay for the reply!

  • but you didn t tell us who appoint this board and how

  • where should I send my bear at???

  • I really don't like the current legal rights for the board of director, but yet they are important.

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