I don’t know what the situation is here but a startup can setup the board or governance in different ways. Founder could control everything directly or indirectly and the board might have one or no external directors.
And while technically you should inform the board of executive comp changes, it’s not like the investors generally care that much in the early stages or there is some box they have to officially check. You could just go to your payroll system and increase your comp. They don’t come to check your payroll or accounting unless they suspect something so it’s not that hard fly under the radar for some time.
And while technically you should inform the board of executive comp changes, it’s not like the investors generally care that much in the early stages or there is some box they have to officially check. You could just go to your payroll system and increase your comp. They don’t come to check your payroll or accounting unless they suspect something so it’s not that hard fly under the radar for some time.