Cooper: Public company boards shift from growth guidance to governance compliance
Scott Kupor · How to Get the Most from Your Board · Jun 14, 2019 · at 18:54
Scott Cooper, partner at Andreessen Horowitz (a16z), outlines how a startup founder's relationship and work with their board changes following an IPO.
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“Yeah, the board really starts to shift as you go public from being kind of, you know, more active and probably more, you know, in some cases more valuable in the business to more of, quite frankly, a governance and a legal board in that sense, right, which is making sure that the process is good, making sure that you're doing your audit committee and all the other things, so it's not that boards are irrelevant as a public company, but I would say the nature of where boards spend their time starts to shift towards more compliance related activities versus kind of, you know, potentially forward business looking activities.”
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