bcmandal_tx
New member
We are registering a company in Texas with total 7 Board of directors - 4 persons U1, U2, U3, U4 from USA and 3 persons X1, X2, X3 from Country X. The distribution of shares will be 40% for USA Directors with equal distribution and 60% for Country X's Directors with un-equal distribution as follows U1=10%, U2=10%, U3=10%, U4=10%, and X1=30%, X2=25%, X3=5%. Directors X1 and X2 of Country X have greater control on the business and wants to make sure that out of 7 total directors, only 3 directors - two from Country X (X1, X2) and only one from USA (U1) will have voting power.
Questions:
(1) What could be the motivation behind such 3 voting powers from Country X's side?
(2) What could go wrong with this type of arrangement?
(3) If nothing is wrong in this type of control arrangement, then how can we frame such a Board?
Thanks a lot.
Questions:
(1) What could be the motivation behind such 3 voting powers from Country X's side?
(2) What could go wrong with this type of arrangement?
(3) If nothing is wrong in this type of control arrangement, then how can we frame such a Board?
Thanks a lot.
Last edited: