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The 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 o
by boredmember 13y ago
The 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.