Startups and new-age-companies are racing to strengthen their boards with high-profile independent directors as they gear up to tap the public markets in the next one to two years. The credibility and strength of the Board becomes critical for firms preparing for an initial public offering (IPO). Apart from meeting regulatory requirements, a well-picked board with experienced and independent voices as directors can help inspire confidence among prospective investors as raising public money comes with far greater transparency and accountability.

Organisations are moving beyond the compliance mindset, actively seeking independent directors with specialised expertise, strategic experience and strong industry stature. One of the key elements in the run-up to an IPO for a company, apart from financials, is corporate governance. Startups would typically look for independent directors who may be ex-CEOs, CFOs or board members from established companies, regulatory officials or corporate governance experts and senior executives from banks, investment banks, PE/VC firms and law firms.
 

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