- The board of directors is a group of individuals elected by shareholders to make key decisions for a company1. Here are some key points about boards of directors:
- They are responsible for issues such as mergers, dividends, and hiring senior managers.
- Candidates can be nominated by the company's nominations committee or outsiders seeking change.
- Public companies are required to have a board of directors1.
- The chairperson provides leadership and guidance to the board2.
- Non-corporate boards and corporate structures also exist3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Key Takeaways
- The board of directors of a public company is elected by shareholders.
- The board makes key decisions on issues such as mergers and dividends, hires senior managers, and sets their pay.
www.investopedia.com/terms/b/boardofdirectors.aspCommon Structure of a Board of Directors
- International structure of a board of directors The structuring of a board of directors tends to be more varied outside of the United States.
corporatefinanceinstitute.com/resources/managem…Board of directors
- Terminology Other names include board of directors and advisors, board of governors, board of managers, board of regents, board of trustees, and board of visitors.
- Roles Business administration
en.wikipedia.org/wiki/Board_of_directors - See moreSee all on Wikipedia
Board of directors - Wikipedia
A board of directors is an executive committee that supervises the activities of a business, a 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 … See more
Other names include board of directors and advisors, board of governors, board of managers, board of regents, board of trustees, and board of visitors. It may also be called the executive … See more
The process for running a board, sometimes called the board process, includes the selection of board members, the setting of clear board objectives, the dissemination of documents or board package to the board members, the collaborative … See more
The responsibilities of a board of directors vary depending on the nature and type of business entity and the laws applying to the entity (see types of business entity). For example, the nature of the business entity may be one that is traded on a public market … See more
In a publicly held company, directors are elected to represent and are legally obligated as fiduciaries to represent owners of the company—the shareholders/stockholders. In this capacity they establish policies and make decisions on issues such as … See more
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