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Eulm585
post Aug 16 2023, 05:38 PM

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QUOTE(ghoster @ Aug 14 2023, 12:32 PM)
hi everyone,

my father passed away 4 years ago. after he died, i inherit his substantial shares for the company.

after a very long discussion between the directors and me, they decided to appoint me as director. (there's a lot of gentleman's agreement between my late father and the other shareholders, too personal to write down here)

i have no experience in working as a director, i have no experience in this business.

should i hire a lawyer to help me out? the directors in the company are professional and nice people, tho

i have no idea how to negotiate on my director allowance and salary. should i demand or just accept their offer?

i am currently working with a public listed company as an editor. if im not mistaken, i have to resign if i hold a position as a director in another company, right?

any advise helps
*
Get a lawyer.
If the other directors are bad, when shit hits the fan just blame you or put your name on contracts that going bad. Easily sued.
So get a lawyer to detail down and explain what is your involvement and scope of the director job

 

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