The responsibilities of a board can vary, but generally include:
Strategic Oversight: Providing guidance on the company’s strategic direction and ensuring alignment with its mission and vision. Financial Oversight: Reviewing financial statements, budgets, and ensuring the financial health of the company. Risk Management: Identifying and mitigating potential risks to the company. CEO Evaluation: Hiring, evaluating, and if necessary, replacing the CEO or founder. Compliance and Governance: Ensuring that the company complies with legal and regulatory requirements, as well as ethical standards.