Gadit

board of directors

Definitions
1nounA group of individuals elected to represent shareholders and oversee the activities and direction of a company or organization.
The board of directors approved the new company policy.
She was elected to the board of directors last year.
The board of directors meets quarterly to discuss the company's performance.
Word Origin
Language
English
Originally meant
A group of people who direct or manage a company.
Background
The concept of a board of directors dates back to the early 17th century, when companies began to form in Europe. The board was established to provide oversight and governance, ensuring that the company acted in the best interests of its shareholders.