![]() ![]() Need functional skills needed to keep the business running smoothly and to bring business to next level of growth Need right mix of personalities ![]() Usually, no more than 2 insiders on the board. Small enough to be accountable and to act as a deliberate body, but large enough to carry out the necessary responsibilities. The Benefits of Having an Independent Boardīrings perspective and experience, and a set of complementary skills for the CEO Recognize the need for long-term planning and assist in long-range strategies Can provide a framework for control and discipline and give CEO someone to answer to Can be challenging and objective critics, serving as an internal check for CEO Can be mentor or coach Potential problem – split equity very early May have to reserve ownership for future founders. What contributions are founders expected to make in the future? What opportunity costs will each founder incur? What cash, ideas, & property contributed? Potential Problem – Ockham founders split only based on amount of initial equity Other criteria to use: Tensions continued to grow, and worsened after Ockham hired a COO Mike leftĬonsiderations in Allocating Initial Ownership It does not store any personal data.Raised first round from VCs (Noro-Moseley & Monarch), with each getting one seat on the board Added a 5th, very experienced industry personĪlso hired Gus as internal development team leader The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. ![]() The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Bethel United Methodist Church - Finance Committee Member, Sunday School Teacher, Small Group Leader Creighton University - Bachelor of Science in Business Administration, Accounting, 1985.Ken believes it is through these valuable relationships that everyone is given the greatest opportunity to succeed. Ken is committed to establishing valuable relationships with both the firm’s clients and firm’s personnel. ![]() Ken uses his accounting knowledge along with his client service experience to help the firm maintain its mission of prioritizing clients first while focusing on the effectiveness and efficiency of the firm’s day-to-day operations. 500 technology / service firms, and a Fortune 500 manufacturing / distribution company. Ken’s prior leadership roles include executive and key management positions at a venture capital backed media company, a services firm sold to Thomson Corporation, two Inc. Most recently Ken served as VP Finance for Abovo Group, Inc., where he was instrumental in enhancing cash flow, management reporting, planning, and operational processes. Ken joined Moore Colson in 2008 and has over 25 years’ experience leading the financial and organizational growth within both emerging and large businesses. He is responsible for the firm’s management reporting, technology, human resources, and various operational functions. Ken Burrows is the Chief Operating Officer with the firm and serves as Moore Colson’s Leader of Finance and Administration. Georgia State & Local Tax (SALT) Alerts.Corporate Accounting | Accounting Support.Forensic Accounting & Insurance Claims Services.Litigation Support & High-Net-Worth Divorce Services.Individual Tax Consulting And Compliance.Corporate Tax Consulting & Compliance | Credits & Incentives. ![]()
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