Here are a few specific examples of things VC boards should do, and management teams should openly encourage:

via Seeing Both Sides: Trust, But Verify.

These three measures are a few I’ve tried to implement throughout our portfolio.  I’m sure others out there can come up with more.  The subtle point is that CEOs need to get out in front of this rather than have their board impose these things on them in a forced fashion.  Like on many critical issues, CEOs need to be ahead of their boards and leading them towards good governance, not dragging along behind them.

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