Pete Brownell Stepping Down From NRA Board Of Directors
BY Herschel Smith
5 years, 5 months ago
TTAG:
In the coming weeks, my company will be making exciting announcements about new opportunities that are important to the future success of our business. We look forward to sharing that news soon as possible. Given the hard work and full-time attention that will be needed as our brands continue to grow, I’ve decided to step down from my position on the NRA’s Board of Directors. It’s been an honor to serve the five million members of the NRA and I will continue standing side-by-side with the millions of Americans who care deeply about defending the Second Amendment.
That’s a rather innocuous statement. I wonder if this is as presented, or if there is more afoot than he let on in the statement? Is there some fiduciary responsibility or financial or legal liability associated with being a member of the board from which he is escaping?
I know my readers and I have discussed that before. The other alternative is that this is a move of protest.
On June 2, 2019 at 8:56 pm, Heywood said:
I think he is very smart and sees the writing on the wall. The NRA is in a ton of trouble and the libtards see a wounded animal. They are going to hit from every angle while the organization is self imploding.
On June 3, 2019 at 10:04 am, ExpatNJ said:
“When a building is about to fall down, all the mice desert it”.
– Pliny The Elder’s Natural History (77 AD).
As for Capn’s question: “Is there fiduciary responsibility or financial or legal liability associated with being a member of the board …?
NRA is incorporated, which *usually* protects BOD and employees from financial liability (the org pays the legal bills, as in Phillip Morris Cigarette and J&J Talc cancer cases), but, never criminal activity, if any. Yet, BOD and employees can be – and have been – prosecuted for criminal activity, even long after quitting (as ub ‘Love Canal’, ‘Times Beach’, et. al.). Statute of limitations may apply.
NOTE: This is NOT ‘legal advice’. You gotta pay for that …
On June 3, 2019 at 11:39 am, moe mensale said:
Generally speaking, directors are responsible for the overall management of a company’s business. They have a fiduciary responsibility – to the shareholders, the members, the public, etc – to ensure that the company is following its own rules and procedures in its day-to-day operations. Ignoring or allowing violations to these day-to-day affairs are grounds for lawsuits. It’s why companies purchase Directors & Officers Liability insurance. Sgt Shultlz’s “I know nothing!” catchphrase doesn’t cut it at this level.
Specifically for Pete Brownell, who knows? It might be legitimate but he may also be trying to distance himself from the rest of the BoD. But if the BoD is found to be derelict for whatever reasons, he’s probably not going to avoid complicity by leaving it.
On June 4, 2019 at 11:58 am, Gryphon said:
What does He Know that hasn’t become public? Or Maybe He’s just as Disgusted with Wayne the Traitor as the rest of the Membership that has left/ did not Renew Membership.
IMO, if there is any ‘Good’ to come out of this, it is the Exposure of the Corruption of the Organization to its Members, and how it has become just another Creature in the Swamp. The backing of Trump with the ‘bump stock’ Ban should be a Wake-Up Call that this Organization is NOT a “Gun Rights Defender”.
(Just Watch, they will Roll Over for a Suppressor Ban as well.)
On June 4, 2019 at 4:10 pm, Sanders said:
I read somewhere, yesterday, that Brownell’s bought AR-15.com.
Don’t know what that signifies, but could be something.