What do board members do?
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There are ten answers to this question.
Best solution
I always thought that whoever owns a majority of stock in the company has all the power for companies, but board members have some power (for example to block acquisitions). I've read that the benefits of having board members can be access to networks, recruiting, advice etc but why not just have mentors/advisors? Or are board members just something startups have to offer to investors in addition to equity?
Answer:
Let me take a perhaps somewhat controversial view. I don't believe you need board members in a start...
Jason M. Lemkin at Quora Mark as irrelevant Undo
Other solutions
Our by-laws required a minimum of 3 people on our board. For the past 2 years, it has been operating with only 2 members. They have rejected members that petition to go on the board to bring it to the minimum or up to the maximum. They are making major...
Answer:
Legal action should be taken. If you pay the HOA and they don't tell you or ask before they spend money...
Jill at Yahoo! Answers Mark as irrelevant Undo
I recently started attending my community HOA meetings. I am a homeowner and consequently a member of the HOA. It is not currently a "big" HOA as our dues are less than $300/year. However, there has been concern in the neighborhood about corruption...
Answer:
You have to get yourself voted on the board. HOA's can be good and evil at the same time.
techshar... at Yahoo! Answers Mark as irrelevant Undo
My start-up corporation has just been given an offer from investors. Part of their offer includes a seat on our board for 3 years. What risks are involved with letting an investor sit on our board? What powers will they have in doing so? What should...
Answer:
They get to fire and choose the CEO - this power pretty much sums up the most salient and significant...
Quinn Kiet at Quora Mark as irrelevant Undo
What are methods of finding prospective board members who are not already known to someone in the organization?
Answer:
Try your local state nonprofit association, community foundation, or United Way. Many of them run board...
Liana Downey at Quora Mark as irrelevant Undo
Lets assume that the two board members are still both working for the company and also make the majority of the shareholding. The company is a Hong Kong company (very similar to British law).
Answer:
You haven't put in any information about jurisdiction. But based on some broad knowledge of common law...
Aakanksha Joshi at Quora Mark as irrelevant Undo
Dear HR experts, I am interested in your opinion regarding the discrepancy between thinking of HR experts and business owners or board members. Is there something that CEO's usually don't understand or they have diametrically different view when discussing...
Answer:
I have spoken with a lot of senior managers about their Generation Y employees and there definitely...
Natalie Waterworth at Quora Mark as irrelevant Undo
As a recruiter for early stage tech startups, recently I've found that many of my candidates have joined companies as Board Members or Advisors rather than as employees. I've seen the fee agreements for these placements for large companies, but it doesn...
Answer:
We help out clients find strategic board members and advisors and all of this has to be resolved when...
Amish Shah at Quora Mark as irrelevant Undo
For example, if someone sits on the board of a non-profit organization what kinds of things would they be expected to do?
Answer:
It depends upon their title....attending board meetings, the secretary is responsible for not taking...
NVXL7Q364B4CNWJT7BES3T22T4 at Yahoo! Answers Mark as irrelevant Undo
For companies like JPMorgan which is giving ex CIO Dimon $23 million compensation package...I own stock in JPMorgan, I own about 200 shares. If the members control 51%+ of that companies stock how can my voting or other regular shareholders voting be...
Spaced Frehley at Yahoo! Answers Mark as irrelevant Undo
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