What do board members do?

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For startups, what is the purpose of board members?

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...

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Jason M. Lemkin at Quora Mark as irrelevant Undo

Other solutions

I am having problems with my HOA board that is acting under the min# required members. What can I do?

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...

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Jill at Yahoo! Answers Mark as irrelevant Undo

What to do about nasty HOA board members?

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.

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techshar... at Yahoo! Answers Mark as irrelevant Undo

What powers and responsibilities do for-profit corporate board members have?

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...

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Quinn Kiet at Quora Mark as irrelevant Undo

What are innovative ways to find and recruit new nonprofit board members?

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...

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Liana Downey at Quora Mark as irrelevant Undo

What can be done if two out of three board members collude to increase their salaries without informing the other director or other shareholders?

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...

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Aakanksha Joshi at Quora Mark as irrelevant Undo

HR Managers: What is The Most Difficult to Explain to Your CEO's and Board Members When Trying to Modernize Your Company to Be Attractive for Generation Y?

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...

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Natalie Waterworth at Quora Mark as irrelevant Undo

What is the typical practice for tech recruiters who place board members & advisors at early stage startups?

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...

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Amish Shah at Quora Mark as irrelevant Undo

What responsibilities do board members typically have?

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...

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NVXL7Q364B4CNWJT7BES3T22T4 at Yahoo! Answers Mark as irrelevant Undo

If 10 board members of a major corp. control 51%+ of that companys stock, what good does my vote count for?

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...

Answer:

It means nothing. You can still comment at the meeting but they won't listen.

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Spaced Frehley at Yahoo! Answers Mark as irrelevant Undo

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