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Ethics & accountability · Owning failure

As the deal partner holding the board seat, you missed early governance red flags at a portfolio company — related-party payments to the founder's family that a more attentive board member would have questioned. It's now a real problem. How do you own your board role in it?

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My name is on that board, so 'the founder did it' is only half the truth — the other half is that oversight was my job and related-party flows ran past me.

The full answer: structure, worked example, likely follow-up.

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