Dual class shares (DCS) have been controversial, not just for boards but also for investors and regulators. It's helpful to look at the issues from both sides.
Family-run businesses present unique governance challenges, especially when there are disruptive family members on the board and in management.
A director who is conversant with for-profit boards experiences the culture shock of governing a non-profit organisation.
Startups tend to focus on viability and valuation as well as the “hero” status of the founder, often at the expense of good corporate governance.
