Brad Feld explains why and how the board is a formal construct that essentially provides leadership for the company. Its duty, which consists of a variety of formal and informal responsibilities, is to ultimately represent the best interests of the company. The CEO should provide transparency to the board that will increase the board's confidence in the CEO as the person who should lead the company.

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What is a board of directors?
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When should I form a board of directors?
What is the difference between an advisory board and a board of directors?

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