Although corporations are owned by stockholders, boards of directors make most of the major decisions, set the strategic direction of the company, and protect the interests of the stakeholders. Founders should build strong, independent boards to maximize the company’s chance of success and minimize risk. This course discusses creating a board, board meetings, board management, and common friction points between CEOs and their boards. The course also covers fiduciary duties, the duty of care, the duty of loyalty, the business judgment rule, “piercing the corporate veil,” indemnification, and D&O insurance. Every person who is a director of a company must be familiar with every concept in this course.