Ownership with ability to lose and make money is a strong incentive also for board members. This goes both for venture investors and “independent” board members. The paper Eric Jackson wrote, even if it was 23 years ago, says that a board member should have a few percentage points of his or her wealth in company shares. That makes sense today too as it drives engagement and motivation.
Skin in the game
Ownership with ability to lose and make money is a strong incentive also for board members. This goes both for venture investors and “independent” board members. The paper Eric Jackson wrote, even if it was 23 years ago, says that a board member should have a few percentage points of his or her wealth in company shares. That makes sense today too as it drives engagement and motivation.