- board of directors
- The governing body of a corporation elected by the stockholders; usually made-up of officers of the corporation and outside (non-company) directors. The board is empowered to elect and appoint officers and agents to act on behalf of the corporation, declare dividends, and act on other major matters affecting the corporation.See e.g. Rev.Model Bus.Corp.Act, No. 8.01 et seq.See also directors- outside director.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Look at other dictionaries:
board of directors — often cap B&D: a group of individuals elected by the shareholders of a corporation to manage the corporation s business and appoint its officers Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. board of directors … Law dictionary
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Board of Directors — Individuals elected by the shareholders of a corporation who carry out certain tasks established in the charter. Bloomberg Financial Dictionary * * * board of directors ˌboard of diˈrectors noun boards of directors PLURALFORM [countable] also… … Financial and business terms
board of directors — A group of *directors with ultimate responsibility for the *stewardship of an organization. Boards of directors have been described as inescapably, the centre of the (corporate) governance system (Cadbury, 2002, 33). Boards exercise their… … Auditor's dictionary
board of directors — /ˌbɔ:d əv daɪ rektəz/ noun 1. GB a group of directors elected by the shareholders to run a company ● The bank has two representatives on the board of directors. 2. US a group of people elected by the shareholders to draw up company policy and to… … Dictionary of banking and finance
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board of directors — noun a group of persons chosen to govern the affairs of a corporation or other large institution (Freq. 3) • Syn: ↑directorate • Hypernyms: ↑board • Hyponyms: ↑staggered board of directors • … Useful english dictionary
board of directors — boards of directors N COUNT A company s board of directors is the group of people elected by its shareholders to manage the company. [BUSINESS] The Board of Directors has approved the decision unanimously … English dictionary
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