- board of directors
- /ˌbɔ:d əv daɪ'rektəz/ noun1. 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 appoint the president and other executive officers who are responsible for managing the company▪▪▪‘…a proxy is the written authorization an investor sends to a stockholder meeting conveying his vote on a corporate resolution or the election of a company’s board of directors’ [Barrons]COMMENT: Directors are elected by shareholders at the AGM, though they are usually chosen by the chairman or chief executive. A board will consist of a chairman (who may be non-executive), a chief executive or managing director, and a series of specialist directors in charge of various activities of the company (such as production director or sales director). The company secretary will attend board meetings, but is not a director. Apart from the executive directors, who are in fact employees of the company, there may be several non-executive directors, appointed either for their expertise and contacts, or as representatives of important shareholders such as banks. These non-executive directors are paid fees. The board of an American company may be made up of a large number of non-executive directors and only one or two executive officers; a British board has more executive directors.
Dictionary of banking and finance. 2015.
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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 — Das Board of Directors (deutsch etwa Verwaltungsrat) ist im anglo amerikanischen Raum das Leitungs und Kontrollgremium eines Unternehmens. Meist vereinigt es in etwa die Funktionen von Vorstand und Aufsichtsrat einer deutschen… … Deutsch Wikipedia
Board Of Directors - B Of D — A group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues. Such issues include the hiring/firing of… … Investment dictionary
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
Board of Directors — ⇡ Board System, ⇡ Organisationsverfassung … Lexikon der Economics
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… … Black's law dictionary