Netflix Will Lose a Board Member on Inauguration Day

Netflix (NASDAQ: NFLX) will soon have an open seat on its Board of Directors. Former United Nations Ambassador Susan Rice will exit the video-streaming veteran's governing group in order to direct President-elect Joe Biden's Domestic Policy Council. The change will take place on Biden's Inauguration Day in January.

Dr. Rice's pending exit from Netflix's boardroom was announced in a terse Securities and Exchange Commission filing on Monday:

"On Dec. 9, 2020, Ambassador Susan Rice notified Netflix ... that she will be resigning from the Board of Directors of the Company effective Jan. 20, 2021."

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Source Fool.com