Operational and Strategic Considerations
the Term Sheet

Board of Directors

A board of directors is a group of individuals elected to represent shareholders and oversee the management and major decisions of the med spa platform. The board ensures the business adheres to its mission, maintains good governance, and achieves long-term success. In most private equity constructs, the board of directors is made up of business people.

Alternatively, with Aviva Aesthetics, the board of directors is comprised mostly of med spa owners in the network, meaning that med spa owners guide the decision-making at every level.