review.firstround.com · 2017-06-12
· 3278d
When and How to Recruit Independent Board Members: A Founder's Guide
Michelle Wilson, an independent board member for Pinterest, Okta, and Zendesk, provides guidance on identifying and integrating independent board members. The article covers optimal timing for recruitment (2-3 years before IPO), key roles to fill (audit committee chair, CEO mentor), and the attributes to seek in candidates to represent shareholder interests as companies scale.
Metrics in this report
Board Filling Timeline
1year
approximate
to complete independent board recruitment
Board Onboarding Timeline
1year
approximate
for independent directors to reach full operational speed
Mature Board Independent Members
3-4count
typical range
fully developed boards
Years Before IPO for Independent Board Member Recruitment
2-3years
recommended range
all companies planning to go public