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> Edit: god damn - even the guy that pushed Sam out announced he wants to resign if Sam isn't brought back what the hell It reads like an orchestrated coup aga
by anonymouskimmer 3y ago
> Edit: god damn - even the guy that pushed Sam out announced he wants to resign if Sam isn't brought back what the hell
It reads like an orchestrated coup against the other three members of the board. Convince the board to do something you imagine will get this kind of blowback. Board is forced to resign due to their fiduciary obligations to the non-profit. And now you control the entire board.
- xdennis 3y ago> fiduciary obligations to the non-profit What fiduciary obligations does a non-profit have? Isn't the board pretty successful already at not making money?
- anonymouskimmer 3y agoFiduciary isn't about money, it's about the best interests of the non-profit they are governing. If staying on the board means a harm to the goals of the non-profit charter, then they have a duty to resign.
- icelancer 3y agoFiduciary obligations need not be profit-seeking. They often - perhaps especially - involve keeping the lights on for the chartered company.