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Hello and welcome to JustAnswer.com. I will attempt to answer your question. I see no illegality here, but the issue may create a conflict of interest in that the board is to provide oversight to the employees and it is difficult to show there is no conflict with an employee overseeing him/herself. These issues could cause problems. See you are there, and will await any followup you may have and thank you for the question.
Hope this helped and you kindly rate me positively. Thank you.
Would you say that the majority of boards would not contain an employee because of this conflict of interest?
I would say that many contain just the CEO on the board and actively find other members of the community to avoid the conflct issue which has been controversial.
Kindly do not forget my positive rating or will not be paid. Thanks.