Theranos case:

How involved was the board of directors in Theranos' operation? Were they more involved than perfunctory meeting attendance?

What relationship should the Theranos executive and managers have assumed related to the board of director's members? Is management employed to run the business or to run the business with some relationship to the board?

What is the difference between leadership and management? Should the hired executive and managers be setting policy or is that the board's role? How much involvement should the board have in the organization's operations?

How would you structure a board of directors and hired executive(s) to reduce the likelihood of issues like those at Theranos?

To what extent is it a conflict of interest for early stage investors to sit on start-up corporate boards?