Originally Posted by
Diplome
call100:
An interesting statement regarding the function of a Board of Directors:
I would suggest that concerns regarding confidentiality at the Board level are not "misguided" or "irrelevent". In fact, I found myself recently bringing on an individual to a Board, however it was on the basis of the gentlemen's personal attributes, and was quite separate from the group who he belonged to (who wanted Board representation). The line was drawn that this individual would operate under the same rules of confidentiality of other Board members and any breach would be cause for dismissal. For reasons that you so lightly dismiss (financial disclosures, business planning, etc.) the idea of an individual coming on the Board as a "representative" of another entity who he would report proceedings to, was simply unacceptable.
Anyone who thinks that a serious entity would allow a "free agent" into their proceedings is simply naive in the extreme.
I was not making light of confidentiality. That was your interpretation. I made no comment on the function of a Board of Directors. However, thank you for your thoughts....