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What is the best structure for board member roles and compensation?

What types of compensation do you offer a startup's Board members? It is understood that they get some equity, but how's it managed and what is the basis for individual performance recognition? What expectation of commitments are standard? Do you offer finder's fee for Board members when the introduce investors? Or do you consider this an element to the roles and responsibilities.

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Corey Blaser
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Corey Blaser Entrepreneur
Founder at Origami
We offered our board 1% vesting options and reasonable expenses. Each month we give them between one and three responsibilities that we need accomplished and hold them to it. They are things we need accomplished within their networks, specific knowledge deliverables, etc.

This is basically of the way our contract is set up. It is a good start if you don't have attorneys yet. FAST
Lee Poskanzer
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Lee Poskanzer Advisor
President and Founder at Directive Communication Systems
Do you offer a finders' fee if they bring an outside investor to the table?
Lindsay Marles
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Lindsay Marles Entrepreneur
Director of Marketing at Local Roots
What Corey is saying is pretty much in line with what I have heard as well. I am just now setting up my board and nothing has been finalized, but that is similar to what I plan to offer.
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