Navigating Dual Fiduciary Conflicts During M&A and Acqui-hire Deals
When a VC board member's fund owns preferred shares while common employees face zero payout in an acqui-hire, fiduciary recusal protocols are mandatory.
Amit KasliwalCEO & Founder, Dehurdle
September 18, 20234 min read
The Board Recusal & Fair Market Value Protocol
Recommended Spoken Script
"Because our fund holds senior liquidation preferences that create a potential structural conflict with common shareholders regarding the management retention pool, I am recusing myself from the compensation committee vote and recommending the Board form an independent committee to evaluate the acqui-hire package."
The 2-Minute Practice Drill
2-Minute Spoken Drill
The 2-Minute Practice Drill
Practice boardroom fiduciary conflict recusal in Dehurdle.