Components of a good Board of Directors
From the time the decision is made to implement governance structures, the proper steps must be taken. The composition and modes of compensation must especially not be neglected, and it is crucial to take the time to effectively select the directors on the board. Keep in mind that creating a diversified board will be beneficial for your business since you will look for different areas of expertise and complementary profiles. Should the members of a board of directors be compensated? How often should they meet?