The decision maker is faced with rapid growth and is aware that he requires expertise that is beyond the capability of himself and of the internal organization. He must decide how to best solve the issues that are facing him. The opportunities that an outside director can provide in technical, financial and strategic expertise are contrasted with hiring consultants, carrying on with inside directors, and the potential problems of managing outside .....more

The president and CEO of a private rapid-growth business has made the decision to add outside directors to his board. He is also aware that the company requires additional financing and would like to acquire financing expertise with one of the outside directors. He must now define the role he would like the board to play, recruit candidates, and select the best combination of skills and personalities to form a cohesive board. The case addresses how .....more

The decision maker must now decide on how to structure the board for maximum utilization of the various expertise of the members. The issues presented are: frequency of board meetings, board committees, attendance at board meetings, the appointment of the chairman, compensation for the directors, and how to manage this group to ensure that the board is helping management make the best decisions and move the company forward in the most effective way. .....more