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How boards can add value to startups and their CEOs

Open communication is key, with a good balance struck between the two power centres.

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IT IS well known throughout the small and medium-sized business sector that the majority of new companies fail within their first few years.

IT IS well known throughout the small and medium-sized business sector that the majority of new companies fail within their first few years. Many startups, in their race to scale up and hunt for investor funds, overlook the dynamics between their directors and their chief executive officer (CEO