Do Entrepreneurs Need a Boss?

Posted by ferdinandtan under Management
From http://www.businessweek.com 5449 days ago

In reading the news about Bank of America shareholders voting to strip Ken Lewis of his chairmanship title I wondered whether small companies need to think about such things. In small companies where the founder is typically CEO and chairman of the board, should those titles be separated?

John May, chairman emeritus of the Angel Capital Association and managing partner of New Vantage Group which creates and manages funds for angel investors, says that is an issue small firms need to think about. At the recent ACA summit in Atlanta, May says there were a lot of discussion around governance and what structure makes sense.