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board of directors
(redirected from Corporate board)

    Also found in: Legal, Wikipedia, Hutchinson 0.03 sec.
Board of Directors
Individuals elected by the shareholders of a corporation who carry out certain tasks established in the charter.
board of directors
The group of people responsible for supervising the affairs of a corporation. The board of directors generally sets broad corporate policy rather than participating in day-to-day managerial decisions, although selection of the chief executive officer is the board's responsibility. Members are elected by the firm's stockholders and may or may not be stockholders themselves. See also chairman, classified board, inside director, interlocking directorates, outside director, staggered terms.


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