This is in the interest of who the board represents, not you though. If you’re willing to listen to the board you would anyway? It’s reasonable to grant this power to the board as part of a an incoming shareholders’ ask, but would you volunteer it?
Shareholders Resolutions trump board resolutions too, so you’d need to factor that in.
Does the CEO have a plan, signed off by the board? Budget? Dev roadmap? Strategy? Marketing plan? Vision? Proof of scalability? Etc.
It’s the Board’s job to set these things and monitor/support progress. If you’re on the Board, you should be asking the CEO to produce these things. As an employee, it’s a major alarm bell if the CEO doesn’t have these corporate documents laid out, for senior employee buy-in.
You seem emotionally intelligent, I think all you can do is engage the CEO constructively and supportively. Sorry I can’t be more specific - not enough info.
What would you want you to do if you were in the CEO’s shoes?
I think they could decrease by <20%
Currently selling lumber lol!
You need a business to shield you from personal liability. You may be taking on personal liability early on in your project, more than you may realise. You have to balance this with bringing in a cofounder as you may accidentally create a tax burden for a late founding shareholder - in the UK anyway.