3 ms·
Many investors like to have a board seat, which makes them an officer of the company
by snotrockets 4y ago
Many investors like to have a board seat, which makes them an officer of the company
- jacquesm 4y agoTrue, but getting a board to be liable has a very high standard of proof. If not then there wouldn't be any boards, the compensation would not outweigh the risks.
- snotrockets 4y agoGiven the choice between bridging some cash (knowing that the full faith and credit of the US government backs the funds being bridged), or having the possibility of getting dragged into proceedings in the future, which at best would increase my liability insurance premiums, I'd pick the former.