RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Basher I forgot to add that any person wanting to become a Board member of a Reporting Issuer in Canada must fill out a PIF. A Personal Information Form is about 20 pages of personal questions about your background including financial and legal questions. You must also agree to a thorough investigation of your life by the RCMP and the Securities Exchange Commission. If you have a criminal charge, you are out. If you have declared bankruptcy within the last X years, you are out. It is a very thorough investigation. And it all goes into the public record. When I did my first one (they must also be updated) in 1999, the investigators found out that I had been the victim of identity theft. I had no idea. Some guy had assumed my identity in another province, had a criminal record and had died. The police came to my house. I was lucky the guy did not steal from me.
Being a Director is a burden and risk for which you get a salary of Zero (some large companies do give their Directors salaries). Now Bogapet suggests that Directors must also put in their own money for the job. Good deal eh? Plus, you must be elected by the shareholders and then re elected every year.