Your board member is right about earning near zero, but moving operating cash without a policy is risky.
The middle ground here is to move any cash above your immediate flow needs into a money market account that is still accessible. That is a safe first step.
Then build a formal reserve policy. Define what is your working capital and what is your operating reserve. Document your current cycle of six months down to two to three months as your rationale. That turns a good idea into a sustainable, governed strategy.

• This reply was modified 2 weeks, 4 days ago by  Alex.