General Discussion

Such a loan? Seems to me this is the purpose of a board in the first place. Keep the president operating within the bounds of the organization’s mission.

Now they are complicit and will quite possibly see their own assets seized.

Early in the tech revolution, I had a friend who was the expert on Intel. He was a Wall St. stock analyst. As such, he was asked to sit on the boards of fledgling tech companies. This is how I learned that if you sit on a board of directors, you are quite likely to be sued.

Boards become quite clubby. This I learned by observing how they operate from my union work. Colleges and universities have boards and we as union members have to watch them. They are almost all rubber stamps. This is why we try to get students and faculty to be on those boards.