Who should approve startup CEO expenses?

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JASON LEMKIN

I would have the board approve CEO salary, all material expenses (>$5k-$10k), and an overall CEO expense policy.

In a startup, the reality is a CEO can probably do almost anything she wants. It’s hard for the investors to really police most activity or even be aware of a lot of it.

But transparency builds trust.

Get everything approved by the Board.

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Published on February 14, 2018

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