What does governing board mean?
Definitions for governing board
gov·ern·ing board
This dictionary definitions page includes all the possible meanings, example usage and translations of the word governing board.
Princeton's WordNet
governing boardnoun
a board that manages the affairs of an institution
Wikipedia
governing board
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
governing board
A governing board is a group of individuals who are elected or appointed to oversee and make decisions related to the strategic direction, operations, and policies of an organization or institution. The board may govern a company, non-profit organization, government entity, or other types of institutions. They have legal and fiduciary responsibilities to ensure the organization remains financially viable and accomplishes its mission. Examples of governing boards include a board of directors for corporations and a board of trustees for universities or nonprofit organizations. Responsibilities of such boards typically include hiring and evaluating the CEO or president, approving budgets, and setting major policies.
U.S. National Library of Medicine
Governing Board
The group in which legal authority is vested for the control of health-related institutions and organizations.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of governing board in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of governing board in Pythagorean Numerology is: 7
Translations for governing board
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"governing board." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/governing+board>.
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