Should You Take That Board Seat?

April 5, 2018

By: Allan Grauberd, Lindsay R. Kaplan, and David Lee Kovacs

Private Company Director

An invitation to serve on a board of directors of a private corporation can be an interesting, even flattering opportunity.

Before accepting an appointment to a board, however, a potential director should engage in an in-depth review of the corporation. They should also ask pointed questions of the corporation's management and the other directors on the board to obtain a complete picture of the state of business and operations, including any potential legal and business risks that may expose the director to unwanted liabilities.

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