If they had a 10% stake then yes.
If you have a 10% stake though then it's completely fine for you to talk to the board whenever you want in your capacity as an equity holder. But that's different than talking to the board in your capacity as an employee.
If the roles are separate yes. If the roles are mixed where you are being paid in stock then it should he fair.
> If the roles are mixed where you are being paid in stock then it should he fair.
Yeah and I think that's fine. Whether you are investing sweat equity or capital shouldn't matter. But if you're an employee getting paid market rate with a nominal slice of equity then you really shouldn't be talking with the board unless there is some sort of misconduct, not merely because you disagree with the product direction or whatever.
So would you be ok, for example, with your employer showing up at your house and telling you how you should be running your side project?
It's their business, sometimes they are going to make mistakes, and by all means you should point out where you see room for improvement. But at the end of the day it's their reputation at stake so they need to be the ones making the decisions. And unless it's clear that they are defrauding investors or something then it's fine if those decisions don't work out, there is no ethical or legal issue there.