logo share us

Board of Directors

   

Definition: the Board of Directors is an entity of elected or appointed members who jointly oversee the activities of an organization. It is often simply referred to as "the board".
It is generally the highest authority in the corporate governance and management of the organization. Typical duties of the BOD include:
1. Governing the organization by establishing broad policies and objectives;
2. Selecting, appointing, supporting and reviewing the performance of the chief executive officer;
3. Ensuring and approving financial resources;
4. Accounting to the stakeholders for the organization's performance;
5. Executive Compensation.


   
   
💡

Learn more about the Board of Directors.



More on corporate governance: 3P Framework, Agency Problem, Belief System, Boundary System, CEO Duality, more on corporate governance...

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.



MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.


add us to your desktop

Add MBA Brief to your desktop / iPad

   

© 2024 MBA Brief - Last updated: 2-3-2024  -  Privacy   |   Terms