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You provided way too little information for anyone to give you any sort of "reasonable" advice. What was the reason the majority holder asked you to leave? What
by mikeg8 13y ago
You provided way too little information for anyone to give you any sort of "reasonable" advice. What was the reason the majority holder asked you to leave? What were the terms you left on? Why do you still wish to retain the position? No one can tell you what to do based on three small sentences. I take that back... people can tell you what to do, but you'd be a fool for listening to them based on what they understand of your situation. Good luck though.
- boredmember 13y agoThe majority holder has asked me to resign the seat to ensure that they can keep the board in a better position for future investment they are pursuing. I am on reasonably good terms with the company. I just don't know if I am going to screw myself in the future by not having a say (even a small one) in the future of the company. But then again, I imagine that there is no real advantage to the board seat in that besides knowing what is happening. And it seems to me like I basically have to resign the seat: if I don't, I'd just get booted off rather than a neutral resignation.
- CyberFonic 13y agoDo I read between the lines that they want to remove you so that you don't get your share of any increases in company valuation? Being "uncooperative" could further undermine your chances of sharing in any future gains.