Board Seat

Definitions

1. A formal position on a company's board of directors, usually carrying governance rights, meeting participation, and influence over major decisions. Board seats are often negotiated in financing rounds.

   In plain English: An official place on the company's board.

   Example: "The lead investor asked for a board seat as part of the Series A term sheet."

Related Terms

• Exit Strategy
• External Funding
• Governance
• House Money
• Independent Board Member
• Information Rights
• Investment Committee
• Advisory Board
• Board Meeting
• Board Observer
• Board of Directors