Board Observer
定義
A board observer attends board meetings and receives the same materials as directors but has no vote and no formal authority over company decisions.
資金調達における位置づけ
Investors who write a smaller check, or come in after the lead has already taken the board seat, often negotiate observer rights instead, staying informed without adding another vote to the table.
よくある質問
Can a board observer be excluded from sensitive discussions?
Yes, most observer rights let the board exclude the observer from a specific meeting or agenda item, for example when discussing a competing investment or a conflict of interest.
Does an observer seat carry the same duties as a board seat?
No, observers are not directors and generally do not carry the fiduciary duties that come with a formal board seat, though the exact obligations depend on the agreement.