[Foundation-l] [announcement] new staff member in business development
wikilegal at inbox.org
Sat May 19 14:05:45 UTC 2007
On 5/19/07, Jesse Martin (Pathoschild) <pathoschild at gmail.com> wrote:
> On 5/19/07, Thomas Dalton <thomas.dalton at gmail.com> wrote:
> > It does, however, seem rather bad that the chair of the board doesn't
> > have access to regular accounts.
> I assumed that was one of the reasons Vishal was hired to "Prepare
> written presentations, reports, and term sheets".
If so, that's a serious conflict of interest. You don't want your
business developer preparing reports on your current financial
situation. The financial situation needs to be reported by someone
whose interests lie in presenting an accurate picture, not in someone
whose job is to improve that picture.
I assumed the written presentations and reports were more for sales
pitches, not financial reporting.
More information about the foundation-l