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 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 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 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 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 charge for a board seat?
Independent director (US): $30,000 to $120,000 annual cash retainer depending on company size, stage, and complexity, plus an equity grant typically 0.05% to 0.25% vesting over two to four years. Public companies and regulated sectors weight more toward cash; growth-stage privates weight more toward equity. Non-Executive Director (Europe): similar economics with regional adjustments — €25,000 to €100,000 cash, sometimes with smaller equity components. Board advisor (early-stage): typically 0.10% to 0.50% equity vesting over two years. Board advisor (scale-up): modest cash retainer of $1,000 to $3,000 per month plus smaller equity. These are honest market ranges, not maximums.
Will Paul accept only equity for a board seat?
For early-stage companies, equity-only board advisor seats are common and acceptable when the equity is meaningful and the company is investable. For scale-ups and later-stage companies, mixed cash plus equity is the standard. Equity-only at established companies is unusual and reviewed case by case — the request often signals a misjudgment of what the seat requires.
Does Paul 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 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.