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Definition of

board of directors

Corporate Governance

firm's highest management board the people selected to sit on an authoritative standing committee or governing body, taking responsibility for the management of an organization. Members of the board of directors are officially chosen by stockholders, but in practice they are usually selected on the basis of the current board's recommendations. The board usually includes major stockholders as well as directors of the company.

Related definitions of "board of directors"

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Definitions of ’board of directors’ and meaning of ’board of directors’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’board of directors’ and other financial terms with our online QFINANCE Financial Dictionary.

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