The Power of Strategic Boards in Early-Stage Bioscience Companies

Dr. Jacque Sokolov and Dr. Lishan Aklog discuss the value of forming a strategic board of directors in early-stage companies in the February 2024 AZBioPEERS webcast.

Dr. Jacque Sokolov and Dr. Lishan Aklog discuss the value of forming a strategic board of directors in early-stage companies. This program, in collaboration with the National Association of Corporate Directors (NACD) Pacific Southwest Chapter, provides insights for early-stage bioscience companies about the importance and contribution that a strategic board of directors can make towards accelerating company growth and scale, and creating long term economic development and a successful exit strategy.

Moderator: Jacque J. Sokolov, MD is an Investor, Corporate Director, and Healthcare Subject Matter Expert in Multiple Healthcare Sectors. Dr. Sokolov serves as Advisory Board Chair (Arizona), NACD Pacific Southwest Chapter. His company, SSB Solutions is a member of AZBio.

Special Guest: Lishan Aklog, M.D. has served as Chairman and Chief Executive Officer of Lucid Diagnostics (NASDAQ: LUCD) since its IPO in October 2021 and previously served as its Executive Chairman since its inception in 2018. Dr. Aklog also co-founded and has served as Chairman and Chief Executive Officer of Lucid’s parent company, PAVmed (NASDAQ: PAVM) since its inception in 2014, and as Executive Chairman of PAVmed’s other major subsidiary, digital health company Veris Health Inc., since its inception.

READ FULL BIO

Thought Questions:

What is the purpose of a board and how does it differ from, and interact with, management?
Why is having a board critical to attracting and raising capital?
What are the key elements of a strategic board, how do you get started, and how does the board evolve over time with growth?
What does a board do to support management scale the enterprise successfully?
How can your company take advantage of the many benefits of an effective and strategically designed board of directors.

About AZBioPEERS

Each month, AZBioPEERS gatherings bring together executives from across our bioscience community and guest experts to explore key components of building and growing successful businesses.

To view more educational videos, visit the AZBioPEERS Video Library.

About the National Association of Corporate Directors (NACD)

NACD is the most trusted association for board directors. For more than 45 years, NACD has helped leaders build successful companies that make a difference in the world. Learn more about NACD.

About the NACD Pacific Southwest Chapter

The NACD Pacific Southwest Chapter spans Arizona, Nevada, or Southern California. NACD’s Pacific Southwest Chapter is the preeminent place where you can connect, network, and learn. Learn more about the NACD Pacific Southwest Chapter.