Article Legal Times

A Hot Seat at the Table?

In exchange for their investments, venture capital firms typically seek the right to appoint a member of the board of directors in order to watch over their interests. However, VC firms may have different goals than company stockholders for appointing board members, which can lead to potential complications. Washington office partner Andrew Herman and associate Joanne Cosiol examine the potential pitfalls that VC firms need to be aware of when appointing board designees.