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Its a job that takes time, commitment and impacts your reputation. It isn't a trivial title on the side while you do real work.
by rb808 7y ago
Its a job that takes time, commitment and impacts your reputation. It isn't a trivial title on the side while you do real work.
- jacquesm 7y agoAnd, in rare cases board members can be held responsible for the actions of the board. In that sense you have a lot more to lose as a board member than as a shareholder. So if you think that the board might be held liable by shareholders for something in the future it is usually a prudent step to create as much distance between you and the board as a shareholder as you can so you don't end up on both sides of a lawsuit.
- ForHackernews 7y agoIs that true? Many people are on multiple corporate boards, and some boards meet only a few times a year. I've only been on charity boards, but it wasn't a particularly demanding commitment. I guess the reputation cost is a good point, but Kalanick is always going to be associated with Uber, whether he's officially on the board or not.
- sgent 7y agoIn a public company there's a real time commitment -- not just regular meetings, but committee meetings, etc. That said, its more like a 5-10hr / wk commitment, not a full time job.
- felipellrocha 7y agoWhat kind of commitment? Can you give concrete examples?
- jsjohnst 7y agohttps://lmgtfy.com/?q=what+does+a+member+of+a+board+of+directors+do https://lmgtfy.com/?q=what+does+a+member+of+a+board+of+direc...
- jeff_tyrrill 7y agohttp://jayshah.me/2018/01/05/board/ http://jayshah.me/2018/01/05/board/ (and discussed at https://news.ycombinator.com/item?id=16108235 https://news.ycombinator.com/item?id=16108235)
- hnews_account_1 7y agoEither you were going for sarcasm, or you got it exactly backwards.
- anongraddebt 7y agoReputation is usually something that affects you regardless when you are on a board. Plenty of board members invest little time or commitment, though.