A few years ago Kristiina was elected to the Eesti Maja board with the support of its major shareholder. As a result, an incumbent director who was actively engaged with the EM-2 Tuleviku Komitee lost his place on the board.

Depends on the issue. If the issue is such that the board member can not continue in good conscience than resigning is the only real option left.

People resign from all kinds of organizations for various reasons, nothing new here.

Stepping off this board could be a very wise move legally. If the directors are not making decisions that are in the best interests of the shareholders, then this is breaking the law. The board members would certainly be held accountable and would be in very serious trouble.

Serious ways a board might not act in the best interests of the shareholders could be things like withholding key information pertinent to shareholder voting decisions, or selling off a major asset at a below market price in a sweetheart deal.

Good luck EM board, you are in the hot seat!!!!