alt Hacker News> What were they supposed to do?
The normal thing to do is to resign from the board. Maybe put out a statement explaining why.
> What were they supposed to do?
The normal thing to do is to resign from the board. Maybe put out a statement explaining why.
Then they could be sued by a minority shareholder for knowing they should take action, but then failing to, and resigning instead. Failing to take an action is still breach of fiduciary duty.