Subject: Re: [Iasa20] The initial set-up (was Re: "self selected" seats (was Re: Board Size))

From: "Livingood, Jason" <[email-masked]>
Date: Tue, 8 May 2018 14:52:46 +0000

On 5/8/18, 12:49 AM, "iasa20 on behalf of Andrew Sullivan" <[email-masked] on behalf of [email-masked]> wrote:

    I have never seen a company get going this way when there is an
    ongoing line of business, which is our case.  So I think we should
    assume that there will be an initial BoD and they will have a lot of
    power to set up the next stage, and that the description is actually
    just a constraint on what they can do next.
    
    In other words, if the BoD is not perfectly correct according to plans
    on day 0, that too is part of the plan.

[JL] This seems like a good point, Andrew. It is a certainty that we won't get it all right from the start; no one ever does. So as we go through the process we want to be (1) understanding of the need to learn/iterate/evolve and (2) ensure there is some degree of flexibility built into the structure we propose. Thus, our first step on the road is directionally correct and we tweak things as our journey progresses.