Which founders to dismiss and WHY?

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  • Which founders to dismiss and WHY?
    • Our new  mission does not align with founder's vision
    • bad performance and no skill
    • any illegal action undertaken which can lead to reputational issues and litigation (SOSR basis)
    • redundancy since in acquisition, there may be too many directors so some have to go
  • To note: check for non-competition clause in employment contract but there is no guarantee founders have employment contracts so this will depend.

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