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Podcast: Boardroom Governance with Evan Epstein
Episode: Louis Lehot: "It All Happens Outside of the Boardroom."
Description: 0:00 -- Intro.1:28 -- Start of interview.2:04 -- Louis's "origin story". 4:14 -- His current role at Foley & Lardner.5:48 -- On the question of "compromised independent directors." Reference to the Delaware case Goldstein v. Denner.10:25 -- The higher scrutiny over independent directors in this downturn (particularly on M&A, downrounds and recaps).14:22 -- How venture terms have changed in this environment. From "founder-friendly" to "investor-friendly." Supervoting shares, liquidation preferences and participation rights.20:39  -- How should (independent) directors handle "empowered" founders or CEOs. "It all happens outside of th...