You don't explain why you want to keep the board seat. Being a director comes with fiduciary obligations, some of which could turn out painful, like taxation.

You don't explain why you want to keep the board seat. Being a director comes with fiduciary obligations, some of which could turn out painful, like taxation. Shareholders earn dividends. AFAIK the shareholders vote who gets seats on the board. So unless you can get other shareholders on your side, you could be "removed".