Outside investors are important, but you must consider these very important issues:
If you’re a private company, do major investors have board representation?
Have you thought about insurance to protect the decisions made by management?
Do you know what exclusions exist on your current Director’s liability policy?
If you are a public company, did you know that healthcare/biotechnology is the most litigious arena for securities lawsuits?
Are you aware of the impact to your organization related to the Supreme Court Cyan Decision?
Do you know if your limits are adequate based on your market cap and percentage of outside investors?