Primary navigation:

QFINANCE Quick Links
QFINANCE Reference

Home > QFINANCE Dictionary > Definition of board of directors

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"

Recommended Further Reading (Term count)
  • How Internal Auditing Can Help with a Company’s Fraud Issues
    by Gail Harden
    Regulatory oversight is increasing, as are penalties. A passive attitude in an organization toward oversight and the topic of fraud, antifraud programs, and controls would be a strong indicator of a significant deficiency in its system of internal controls.Economic factors can increase the occurrence of fraudulent practices. When the economy is in a downturn the risk of fraud increases due to personal financial pressures, the stagnation of...
  • Understanding the Internal Capital Adequacy Assessment Process (ICAAP)
    This checklist outlines the role, functions, and requirements of the Internal Capital Adequacy Assessment Process (ICAAP).
  • Using Mezzanine Financing
    This checklist outlines when and how to use mezzanine financing.
  • Turning Around Financial Performance
    by David Magee
    No business, big or small, is immune from needing to address and correct financial performance. Often the reason is obvious, such as when a once-reliable bottom line turns negative, placing employee jobs, ownership equity, and product or service quality at risk. Sometimes, however, the need and potential benefits are not so obvious.Take General Electric as an example. This stalwart American blue-chip corporation, in business for more than 100...

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.

Back to top