“If the board disregards the external auditor report, their DNO policy can get canceled.”
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Said on All-In with Chamath, Jason, Sacks & Friedberg
Chris Smith · Financial Advisor Success · Winning Clients And Moving 'Upmarket' By Being Confident In Telling Your Value Story with Chris Smith
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Adopted the mindset of a hired CEO by reporting to a board every month, treating himself as if he were accountable to external investors
“If the board disregards the external auditor report, their DNO policy can get canceled.”
“They’ll implement robust internal controls… partner with external auditors… designate an independent committee of the board… a line to the board that circumvents the CEO”
“I report directly to our CEO with a dotted line to the board… the government likes to see the compliance officer not be beholden to the general counsel”
“External materials. Supporting publications or alternative views from external parties, competitor information are very helpful for the board members.”
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