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Sitting on a board isn’t a job. It’s an advisory role that needs to be cleared by both the board your sitting on and your main company’s board. And almost all
by nojito 5y ago
Sitting on a board isn’t a job. It’s an advisory role that needs to be cleared by both the board your sitting on and your main company’s board.
And almost all contracts include a conflict of interest section. Perhaps a lowly startup might not.
- betaby 5y agoWhat is the 'job' then? Then the only thing left is to switch from 'job' to 'sitting' to make the thing legal, right?
- ghaff 5y agoIt's a "job" whether a lot of board members take it as seriously as they should or not. I'm (unpaid) on the board of a non-profit. But, yes, presumably if a CxO gets an offer to sit on the board of a major company, especially one in the same industry, they would seek the approval of their own board.