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Message: RE: Shareholder on the board

RE: Shareholder on the board

posted on Jul 18, 2005 02:17PM
Why would any shareholder what to sit on the board?

First of all there is the issue of liability, and although the company carries insurance for that purpose, why would a shareholder want to be in that position?

Secondly, how would that help the individual`s personal investment account? Assuming you have a sizeable position, and would like to sell any or all of it, or buy more for that matter, it becomes a matter for public disclosure.

And then, there are all those pesky phone calls from your ``buddies`` wanting inside information.

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