New ask Hacker News story: Ask HN: Does a new board member need to sign a contract?

Ask HN: Does a new board member need to sign a contract?
4 by findhumane | 4 comments on Hacker News.
My new startup is going well: traction, revenue, etc. I want to add some people to the board of directors to qualify for a grant. They've agreed informally and I shared the By Laws. I use Clerky and there's a process to add a member to the board, but it's just a board resolution with the existing members (just myself currently). The new board member doesn't have to sign anything as part of that process which I found surprising. I emailed Clerky and they didn't offer any specific guidance. Is it common for a new board member to sign some contract when agreeing to become a board member? I have high trust for these new members, so that's not an issue, but it just seems a bit odd to me for it to be so informal that they don't have to sign anything. If an agreement is common, are there any templates out there? If not, any services you might suggest for a bare bones agreement? And do they sign the agreement before the board resolution accepting them, or after? Edited to add: Delaware C Corporation (Public Benefit Corp)

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