What does it take to make a Successful
Private Company Board Member?
By Gerard Buckley
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Entrepreneurs and leaders of private
companies are often thrust into the world
of governance. Unfortunately, this is largely
by happenstance or as a result of the
requirement of the terms of a financing.
As shown by the Business Development
Bank of Canada’s (BDC) 2014 research,
76% of private corporations in Canada
neither have an advisory board or a board of
directors. Anecdotally, most growth stage
entrepreneurs give very little attention to
governance until it is forced upon them by
a venture capitalist or angel investor. Why is
this process often neglected?
Entrepreneurs are passionate about
their company’s vision. Finding the right
board member who shares a similar
thinking and strategic direction can be a
Jaguar Capital Inc.