[LUAU] HOSEF

[Karen Lofstrom]

On Wed, Mar 26, 2008 at 2:22 PM, Jim Thompson <jim at netgate.com> wrote:

>  The board has certain obligations to keep the corporation (HOSEF is a corporation) solvent and functional.  As a board member, I may become liable for these  obligations.

Over the past few years, other board members have left for precisely
those reasons. Scott is reluctant to share authority. It's
understandable, when HOSEF was his vision and he's doing most of the
work, but it means that he needs a rubber-stamp board, one that exists
just to keep HOSEF legal.  But, as Jim says, board members can be
legally liable if Scott, in his enthusiasm, does something that's not
exactly legit.

Jim and the other members of the current board seem to have attempted
to assert their authority. Other board members, faced with the same
problems, have left.

I'm not sure that there's any good resolution to this problem.

--
Karen Lofstrom