BOARD OF DIRECTORS

BOARD OF DIRECTORS

BOARD OF DIRECTORS board of directors. 1. The governing body of a corporation, elected by the shareholders to establish corporate policy, appoint executive officers, and make major business and financial decisions. ¡ª Also termed (esp. in charitable organizations) board of trustees. See DIRECTOR. [Cases: Corporations 297. C.J.S. Corporations ¡ì¡ì 460¨C461.] 2. The governing body of […]

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