A board member who is a founder, family member, or retired manager of the firm is a(n)
A) inside board member.
B) outside board member.
C) advisory board member.
D) venture capitalist.
E) angel investor.

Question

Quizplus · Accepted Answer

Inside board members are typically individuals who have a significant relationship with the company, such as founders, family members, or retired managers. These individuals have or had roles within the company, distinguishing them from outside board members who are independent of the company's day-to-day operations.

A Board Member Who Is a Founder, Family Member, or Retired