You Get the Board You Plan For

A whirlwind tour of legal structures and governance that can help you make a difference

Episode 5 of the Making The Difference podcast, hosted by Kirsty Gilchrist, titled "You Get the Board You Plan For" was published on October 2, 2023 and runs 38 minutes.

October 2, 2023 ·38m · Making The Difference

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Summary

This episode is a whirlwind navigation of the UK's social enterprise sector. A conversation with Karen Leigh Anderson, the UKs expert on governance in social enterprise, she is making a difference through supporting the set up and governance structures of hundreds of social enterprises who make a difference. This episode is a must if you are thinking of setting up a social enterprise or charity, are seeking investment, or are recruiting for a new board - Karen deep dives, talks very straight, without any fluff. So strap in and be prepared.Key topics in the conversations include:**Choosing Your Legal Structure:** Many entrepreneurs overlook this crucial step initially which can have significant implications down the line. The chosen legal structure should protect both you and your vision, focusing on more than just profit-making.**The Role of Governance:** Good governance helps eliminate potential issues before they arise by clearly defining goals, board meeting schedules, member requirements etc., ensuring smooth operations without constant revisiting.**Building Legacy vs Exit Strategies:** Entrepreneurs need to think long-term while incorporating their business today; beyond growth ambitions to sustainability that outlasts them personally.  **Understanding Shareholder Power**: It's essential for entrepreneurs to understand technicalities like varying levels of shareholder power triggered by different share percentages - not merely for gaining control but also aligning their venture with their vision.  **Assembling Teams or Boards**: When assembling teams or boards for governance purposes clarity about roles is vital as it protects against unintentional derailment of your mission by well-meaning individuals' ideas.To learn more about Karen's work, please visit here Join the discussion - what did you think? What key points came up for you in this? Kirsty Gilchrist is a strategy coach, accountability partner, and owner of Soloco. "I bring strategy to life through thinking and doing and helping leaders and their teams to make a difference." For more information, please go to:Instagram:@Making_The_Difference_podcast@kirstybgilemail:[email protected] Hosted on Acast. See acast.com/privacy for more information.

Episode Description

Key topics in the conversations include:

**Choosing Your Legal Structure:** Many entrepreneurs overlook this crucial step initially which can have significant implications down the line. The chosen legal structure should protect both you and your vision, focusing on more than just profit-making.

**The Role of Governance:** Good governance helps eliminate potential issues before they arise by clearly defining goals, board meeting schedules, member requirements etc., ensuring smooth operations without constant revisiting.

**Building Legacy vs Exit Strategies:** Entrepreneurs need to think long-term while incorporating their business today; beyond growth ambitions to sustainability that outlasts them personally.

**Understanding Shareholder Power**: It's essential for entrepreneurs to understand technicalities like varying levels of shareholder power triggered by different share percentages - not merely for gaining control but also aligning their venture with their vision.

**Assembling Teams or Boards**: When assembling teams or boards for governance purposes clarity about roles is vital as it protects against unintentional derailment of your mission by well-meaning individuals' ideas.

To learn more about Karen's work, please visit here

Join the discussion - what did you think? What key points came up for you in this?

Kirsty Gilchrist is a strategy coach, accountability partner, and owner of Soloco. "I bring strategy to life through thinking and doing and helping leaders and their teams to make a difference." For more information, please go to:

Instagram:

@Making_The_Difference_podcast

@kirstybgil

email:

[email protected]

Hosted on Acast. See acast.com/privacy for more information.