Director Handbook (Professional Edition)

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Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. The body sometimes has a different name, such as board of trustees, board of governors, board of managers, or executive board. It is often simply referred to as "the board."

A boards activities are determined by the powers, duties, and responsibilities delegated to it or conferred on it by an authority outside itself. These matters are typically detailed in the organizations bylaws. The bylaws commonly also specify the number of members of the board, how they are to be chosen, and when they are to meet.