Board Observer Position
For context, my family has a fairly large business ~700MM currently in the second generation and we are succession planning for the third generation (my generation). Based on the recommendation of a family business consultant, I have been offered a board observer position which will take effect at the end of the year and will convert to a permanent board position eventually. I currently have the plan of doing my 2-3 years of IB and exit to the family business. I am obviously very humbled and realize this immense privilege, but I am wondering how will this be perceived by adcoms as I plan to pursue an MBA down the line. Furthermore, I have no idea how I will manage the responsibility of observing board meetings as an analyst. I really how no idea how to approach this with my firm or my seniors.
In most cases where "exclusive employment" is required, you would have to disclose this duty during your application process. As long as the board role won't demand too much of your time or create some other conflict of interest - I don't see a problem with it.
adcoms - I don't think they'd care too much? But I am not sure on this one.
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