Board of Directors

Definition

Individuals elected by a corporation's shareholders to oversee the management of the corporation. The members of a Board of Directors are paid in cash and/or stock, meet several times each year, and assume legal responsibility for corporate activities. also calleddirectorate.

Use Board of Directors in a sentence

The board of directors had the final decision on the matter, the agreement was already made for them to decide.

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I talked to the board of directors about what I had seen that day and they assured me that everything would be okay.

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Fred was able to convince his CEO to support his new program, but it would have to get approval of the Board of Directors before it could go any further.

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stockholder statutory voting