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hickorym

Guest
What is the name of your state? North Carolina
We are starting a independant residential high school and have incorporated as a non-profit. We want one or two students on the board. How can we protect them and thier families from the usual financial and legal responsibilities of a board member?
 


L

loku

Guest
WE WANT ONE OR TWO STUDENTS ON THE BOARD. HOW CAN WE PROTECT THEM AND THIER FAMILIES FROM THE USUAL FINANCIAL AND LEGAL RESPONSIBILITIES OF A BOARD MEMBER?
There is an old Chinese saying, “Don’t be a tiger unless you want a tiger’s problems.” It applies here. Don’t be a board member unless you want the liabilities of a board member. However, there is some protection in liability insurance. Talk to your insurance agent.
 
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loku

Guest
I thought of something else. They may possibly escape some liability because of their lack of majority. However, in that case, the people responsible for putting them on the board may have some liability for doing so.

But another thing to ask is, "Is there a realistic probability that any board member would become liable in the case of your organization?
 

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