NEW YORK (Reuters) - Anheuser-Busch Cos Inc’s (BUD.N: Quote, Profile, Research, Stock Buzz) board is in the hot seat after spurning a $46.3 billion takeover bid, facing questions over whether it is fulfilling its obligations to shareholders and not just the wishes of the brewer’s founding family.

The company’s suitor, InBev NV (INTB.BR: Quote, Profile, Research, Stock Buzz), has laid the groundwork to try to unseat the board — though Anheuser told investors on Friday that it would challenge the Belgian-Brazilian conglomerate’s claims that it could remove all 13 Anheuser directors without cause.

For sure, the board — which rejected InBev’s $65-a-share, all-cash offer — is facing pressure on multiple fronts.

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