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.

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Related Terms

dividend, split, outside director, proportional representation, statutory voting, staggered board of directors

'Board of Directors ' appears in the definitions of these terms on BusinessDictionary.com



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