Here's an interesting blurb from your "research":
"It is worth noting that in most cases, serving on a board is not a career unto itself. Inside directors are not usually paid for sitting on a board in its own right, but the duty is instead considered part of their larger job description. Outside directors on a board likewise are frequently unpaid for their services and sit on the board as a volunteer in addition to their other jobs."
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Boy, that seems odd?! Are they SURE?!
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How about this one:
"In most legal systems, the appointment and removal of directors is voted upon by the shareholders in general meeting.[11]
Directors may also leave office by resignation or death. In some legal systems, directors may also be removed by a resolution of the remaining directors (in some countries they may only do so "with cause"; in others the power is unrestricted).
Some jurisdictions also permit the board of directors to appoint directors, either to fill a vacancy which arises on resignation or death, or as an addition to the existing directors."
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Poppycock! Can this stuff REALLY be true? Seems preposterous based on what I've read here. I know, SOMEWHERE, I've heard rumors that these things are true......if I can only remember.....I'll have to get back to you if it comes to me but please, if you can remember, please let us know as well. Thanks so much.
http://en.wikipedia.org/wiki/Board_of_directors
