Stonewood Group: Enhancing Board Effectiveness in Hiring

While governance and fiduciary matters command a bigger share of their time and attention, the hiring of CEOs is among the most important, value-added responsibilities of Boards of Directors. It is also one exercised ever more frequently, with statistics showing that two-thirds of all venture-backed startup companies replace their founding CEOs and of these replacements, two out of every five fail in the first 18 months.

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