You were elected to the board of directors? Gee, that’s … um … p2
Power and responsibility may come at a price: liability. Serving on the board of directors or as an officer of a for-profit or nonprofit organization may be lucrative or rewarding or both, but the positions also carry risk for the individual. Think about Enron: When the company imploded, officers and directors scrambled to prepare for lawsuits and criminal charges against them personally and as a group, even if they knew they had done nothing wrong.