Delaware (and all or at least most other states) requires at least one member on the board of directors for any corporation, whether it's private or public.
For bootstrapped (for lack of a better term) companies these "boards" are pure formalities; it's a running joke among bootstrappers that they flip a coin to figure out who the listed corporate officers are going to be.
tptacek|4 years ago
nostrademons|4 years ago