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Mavik
post Aug 14 2023, 01:21 PM

Patience is a virtue
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Elite
7,826 posts

Joined: Jan 2003



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
*
No you don't have to resign unless there is a direct conflict of interest. You would notice that some public listed directors tend to hold seats in other companies as well.

 

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