Boards of Directors v. Boards of Advisors

About the Course:

When must your organization create and maintain a Board of Directors? Under what circumstances is it advantageous to maintain a Board of Advisors? Where do the similarities and differences in creating, compensating and managing both Boards lie?

This session provides an unparalleled comparative analysis of many facets of Boards of Directors and Boards of Advisors. The following are among the issues discussed:

  • What is the perception of Boards of Advisors vis-a-vis Boards of Directors?
  • Is it invariably beneficial to have an odd number of Directors on a Board?
  • Upon their induction to a Board, is it acceptable for Board members to meet with line managers?
  • Who are Boards of Directors and Boards of Advisors accountable to?
  • To what extent is governance a responsibility of Boards of Advisors?
  • How does liability of members of Boards of Directors vary from that of members of Boards of Advisors?
  • How does compensation of members of Boards of Advisors compare to that of Directors?
  • Where do the differences lie in the meetings held by Boards of Directors and Boards of Advisors?
  • What are the primary decisions a management team should consider when creating a Board of Advisors?
  • When does it make sense to comply with industry regulations when your company is not required to do so?

Course Leader: Dennis Cagan, Founder & CEO, CaganCo Incorporated Dennis Jay Cagan is a recognized authority in the high-technology industry and in small private company governance. He is a respected CEO, entrepreneur, professional board member, venture investor, mentor, consultant, and Shadow CEO(TM). Dennis' career spans 46 years of founding and leading a wide variety of information technology, software, services and Internet firms. Dennis has been on almost 50 corporate boards - and is currently authoring a series of articles on the dynamics of the private and early-stage company Boards of Directors. He has done business in dozens of countries and has an impressive track record of both start-up and turn-around situations. Dennis has founded over a dozen enterprises, and has participated in taking several public.

Dennis has served as an interim CEO for many years. In 2011 he served as President, CEO and Managing Member of NL Systems (dba Encryptics); in 2009-2010 as President and CEO of SureBooks; in 2006-2008 as Chairman, CEO and President of TWL Corporation (OTC), and from 2000 to present as founder, Chairman and CEO of the Santa Barbara Technology Group, LLC, a private incubator and venture investment firm.

Between 1983-1999 Dennis provided consulting services to numerous technology companies including AT&T, IBM, General Electric, and Xerox, as well as dozens of smaller firms.

Course Length: Approx. 1.5 hours


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Need help purchasing this course? Please contact Neomi Barazani at 609-919-1895 ext. 100 or at