Display MoreThen they'll get sued. They are now board members of Ador, and they have a fiduciary duty towards Ador.
You are suggesting Ador board members settle over a specific amount that was put in MHJ's contract.
That is a PR nightmare, and it is legally untenable. That would actually play into MHJ's advantage.
The board has a duty to fight against this accusation vigorously and pay the least amount.
No board has a fiduciary duty to commit illegal acts. They have to look after the interests of the shareholders within the confines of the law.
Any board will get a third party opinion on the matter at hand, e.g. music experts of their own choosing, and then act accordingly. If they wanted to get rid of MHJ, they can quickly do it. It is the responsibility of the board to let go of the CEO when the latter has acted badly.
