The Purpose of Corporate Board Members

The directors must act in connection with the best interests of the corporation and its shareholders. Board members can provide valuable wisdom and experience in guiding a company to success.

The board members maintain a fiduciary relationship with the company; this is a relationship founded in trust and confidence.

The size of the board is up to the discretion of the shareholders. Generally you want to avoid an unwieldy number of directors; in order to avoid deadlock, you should also refrain from choosing an even number of directors.

The board should met on a regular basis. After filing the incorporation papers with the Secretary of State, the board needs to adopt organizational resolutions either at a meeting or by unanimous written consent. These organizational resolutions concern preliminary matters for properly establishing the corporation.