SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?


To: campe who wrote (4807)5/11/1998 2:19:00 PM
From: R Jennings  Respond to of 6654
 
I don't know the sec rules however signing as the BOD is necessary in order for jack to maintain a distance from the company.

In order to "pierce the veil" of a company (basically claim that the company is not being run as a company but simply as a personal shield)
one of the tests is to see if a private persona ie jack conducted business as a individual person or as the officer of the company. To the lawyers it makes a great deal of difference as to if he uses the BOD or his personal name when he signs his name.

There may be a legal distinction between director and board of directors.

My 2shares worth
Rob
KAYAGEAR Limited

(my first time signing that way , just incorporated last week)



To: campe who wrote (4807)5/11/1998 2:22:00 PM
From: K A Anderson  Read Replies (1) | Respond to of 6654
 
I have never heard of a public company with a 1 person BOD.. I think the minimum is 3, but I am not 100% sure about that.

KAA