025 - Where to Find Board Members and How to Pay Them

Mar 22, 2021

In this Compliance That Makes Sense episode, Yana talks about where to find FinTech board members and how to pay them. FinTech startups often struggle to try to find the right board members. There seems to be some confusion about who they should be, how much you can expect from them, and what their fees should be. Listen as Yana breaks it all down for you, from who needs a board of directors to the difference between the executive board and the supervisory or independent board and so much more.

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Today's episode:

• [00:34] Hello, my friends!
• [02:49] Yana shares who is on the executive board.
• [04:04] The commercial law of your country will determine who and what should be on the board.
• [04:33] Yana speaks about the supervisory or independent board.
• [06:14] The supervisory board does not need to consist of all independent directors.
• [08:40] Yana shares some examples of whom to ask to be on your board.
• [11:13] In an emergency, you need people who will be available to you.
• [13:12] How much should you pay board members, and how should you structure the compensation?
• [15:22] Typically, you don't need to pay independent directors that work for your parent company.
• [16:33] Thank you for listening!

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