How does a board advisor seat differ from an independent director seat?
An independent director is a formal board seat with fiduciary duty, voting rights, and full director responsibilities: typical for late-stage privates, public companies, and regulated sectors. A board advisor is an informal seat without fiduciary duty, common at earlier-stage companies and scale-ups. The day-to-day work is often similar, reading materials, preparing questions, providing between-meeting access, but the legal status, compensation level, and time commitment differ. Companies should pick the format that matches their governance maturity, not the one that sounds more impressive.
How many boards is Paul Okhrem on at one time?
Capacity is managed deliberately. The total number of active board seats is kept low enough that each receives serious between-meeting attention. The exact number is shared during initial conversations: boards considering Paul Okhrem should expect honesty about how their seat would fit the broader portfolio of commitments. Boards that want a director with capacity should not hire a director who is on too many.
What companies and sectors does Paul Okhrem accept board seats from?
Best fit: B2B software, B2B SaaS, ecommerce platforms and ecommerce technology, AI-native businesses. Adjacent: fintech, insurtech, and verticalized software where operator background applies. Stages from pre-IPO Series B through public for director seats; seed through Series A for advisor seats where the gap is real and the equity is meaningful. Pre-revenue companies are considered for advisor seats but not director seats.
What is the time commitment for a board seat?
Director seat: eight to twelve board meetings per year (typically quarterly board meetings plus committee work), plus five to ten hours per month between meetings for board pack review, CEO calls, and material decisions. Advisor seat: lighter: four to eight meetings per year plus on-demand access. Both formats include reading the board pack thoroughly, preparing for every meeting, and being reachable between meetings on material issues.
Does Paul Okhrem accept board seats outside Europe and the United States?
Yes selectively. Default geographies are the United States, the United Kingdom, and Europe, including the Czech Republic, Germany, and the Nordics. Middle East and other geographies are considered case by case based on travel feasibility, governance maturity, and time-zone overlap. Paul Okhrem is based in Prague and travels globally for board meetings and committee work.
Can a board seat coexist with a consulting engagement at the same company?
Generally no. The two roles have different accountability structures and create governance conflict: an independent director should not be a paid service provider to the same company. Companies are asked to choose one route. The exception is when a
fractional CAIO engagement transitions cleanly into a board advisor seat at the conclusion of the operating engagement; this transition is common, well-managed, and properly disclosed.
What does Paul Okhrem charge for a board seat?
Paul Okhrem does not publish a universal board-seat price. Terms are quoted for the specific appointment after the legal role, jurisdiction, fiduciary duty, committee load, meeting and preparation time, travel, liability, D&O insurance, cash, equity, vesting, expenses, and termination conditions are clear. Benchmark the proposal against relevant peer-board data and independent advice.
Will Paul Okhrem accept only equity for a board seat?
Cash and equity structure depends on whether the appointment is a formal director role or a non-fiduciary advisory seat, plus company stage, jurisdiction, risk, time, and liquidity. No standard equity-only promise is made on this page. Put cash, equity, vesting, cliff, acceleration, expenses, liability, and termination terms in the appointment agreement.
Does Paul Okhrem provide diligence support during M&A?
Yes when board work involves it. Where AI capabilities are part of an acquisition thesis or where AI/tech vendors are part of a target’s stack, the diligence is reviewed with operator skepticism, not as a separate billable engagement but as part of the board director’s role. This is one of the highest-value contributions in modern board work and one of the most underweighted in current board composition.
How does Paul Okhrem handle conflicts of interest?
Conflicts are disclosed in writing before any seat is accepted, including current consulting engagements, fractional CAIO roles, and other board seats in adjacent or potentially competing companies. The chair and lead director are kept informed of new commitments after a seat is accepted. Where a conflict cannot be cleanly managed, the seat is declined. Disclosure is upstream of acceptance, not after the fact.