Review of Directorships

In bigboardraiders you want to hold directorships for two reasons:

  •  the first is you collect dividends at the year-end for each one you hold and this is how you grow a year-end income stream.
  • the second is you need a majority of directorships in the company of your escrow directorship  to win the game.

There are two kinds of directorship:

  • The first kind of directorship, that was touched on earlier (when we reviewed the Proxy Sheet) called the escrow directorship. This directorship is one where the player has to be elected by proxy to hold it. This is accomplished by collecting or earning all the proxy votes of the subsidiaries of that company and recording them on the proxy sheet. If this isn’t clear, go to the proxy sheet review.

The play pieces have a peg to accomodate more rings. When you have been elected, you trade your starting pawn ”play piece” (below the ones on the right of the squiggly line not colored yellow, blue, red or green)  for the color coded  pawn “play piece” on the left along the top called the escrow directorship of that elected company, which are colored yellow, blue, red or green. Note there are no shares required to hold these escrow directorships and you cannot loose them but you can quit and go to another company.

                         

  • The second kind is called a common directorship and you must buy and hold 40,000 common and/or preferred shares for each directorship to keep them in good standing. When you have 40,000 shares, you can add another color coded ring to your pawn or “play piece” to designate your position. You can have as many common directorships in as many companies as you want. If you have the shares you can have the rings. You do not have to have an escrow directorship to have common directorships, in fact it is wise to start accumulating common directorships in anticipation of acquiring the escrow directorship, just to put your opponents on their heels.
  •  So, what is called a voting majority, the winner, is an Escrow Directorship and half of the available Common Directorships of that same company. It’s a simple enough premise.

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