What does board of directors mean?

Definitions for board of directors
board of di·rec·tors

This dictionary definitions page includes all the possible meanings, example usage and translations of the word board of directors.

Princeton's WordNet

  1. directorate, board of directorsnoun

    a group of persons chosen to govern the affairs of a corporation or other large institution

Wiktionary

  1. board of directorsnoun

    a group of people, elected by stockholders, to establish corporate policies, and make management decisions

Wikipedia

  1. Board of directors

    A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. In corporations with dispersed ownership, the identification and nomination of directors (that shareholders vote for or against) are often done by the board itself, leading to a high degree of self-perpetuation. In a non-stock corporation with no general voting membership, the board is the supreme governing body of the institution, and its members are sometimes chosen by the board itself.

ChatGPT

  1. board of directors

    A board of directors is a group of individuals chosen to represent shareholders and oversee and guide the management decisions of a corporation or organization. These members are responsible for setting the company's strategic direction, establishing policies, making major decisions, and ensuring the company's financial stability. The board is elected by shareholders and typically includes both internal directors, such as the company's CEO or other executives, and external directors, who are not involved in the day-to-day operations of the company.

Wikidata

  1. Board of directors

    A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors. It is often simply referred to as "the board". A board's activities are determined by the powers, duties, and responsibilities delegated to it or conferred on it by an authority outside itself. These matters are typically detailed in the organization's bylaws. The bylaws commonly also specify the number of members of the board, how they are to be chosen, and when they are to meet. In an organization with voting members, e.g., a professional society, the board acts on behalf of, and is subordinate to, the organization's full assembly, which usually chooses the members of the board. In a stock corporation, the board is elected by the stockholders and is the highest authority in the management of the corporation. In a non-stock corporation with no general voting membership, e.g., a typical university, the board is the supreme governing body of the institution; its members are sometimes chosen by the board itself. Typical duties of boards of directors include:

Editors Contribution

  1. board of directors

    A number of people with the role of director, elected to have a role on a board with a defined job description, role, responsibilities, authority, purpose, vision and goals who oversee the management of an organization or social enterprise.

    All social enterprises have a board of directors to oversee their authority as a form of checks and balances.


    Submitted by MaryC on January 22, 2021  

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Numerology

  1. Chaldean Numerology

    The numerical value of board of directors in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of board of directors in Pythagorean Numerology is: 1

Examples of board of directors in a Sentence

  1. Carlton Huffman:

    We stand squarely behind Matt Schlapp, and the ACU Board of Directors has full confidence in his leadership of the organization.

  2. Jeroen Dijsselbloem:

    The agreement paves the way for the formal approval by the ESM Board of Directors on Monday 23 November of disbursing the 2 billion euro sub-tranche linked to the first set of milestones.

  3. Laura Martin:

    Disney couldn't do this, and Apple couldn't do this. They're run by committee, if it was a company run by committee, they would have to react, because the committee — the board of directors — would be threatening to fire the CEO to protect revenue. That doesn't have to happen here.

  4. Evan Young:

    The board of directors continues to show their ignorance, the board has not done anything to show they are going to make changes going forward.

  5. Morgan Stanley:

    Whatever slate wins at the AGM, a settlement between the two groups would be the most desirable outcome, agreeing on the key levers to create value for shareholders with a stable board of directors supportive of (CEO Amos) Genish.


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"board of directors." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/board+of+directors>.

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