Dear SaaStr: Who Should Approve Startup CEO Expenses?
SaaStr
JULY 15, 2023
Dear SaaStr: Who Should Approve Startup CEO Expenses ? I would have the board approve CEO salary, all material expenses (>$5k-$10k), and an overall CEO expense policy. And in fact, once you have VC investors, this is often required in your Investor Rights Agreements or other financing documents. And approving the CEO’s salary is often required under state laws.
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