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Management & Leadership vocabulary · Corporate Governance

Board of directors

Meaning in management & leadership, with examples

nounCore term

In management & leadership, board of directors means: The group of people elected by a company's shareholders to oversee its management, approve major decisions and appoint or replace the chief executive.

In Turkish: yönetim kurulu

How it is used

Usually shortened to the board. Board members meet several times a year, and the person who leads the meetings is the chair or chairman. You present to, report to or get approval from the board.

Example sentences

  1. The board of directors approved the acquisition at yesterday's meeting.

  2. She joined the board of directors after twenty years in the industry.

Common collocations

  • sit on the board
  • board meeting
  • board member
  • chair of the board
  • approved by the board
  • corporate governanceThe system of rules, practices and controls by which a company is directed and supervised, especially the relationship between the board, the managers and the shareholders.
  • non-executive directorA board member who is not part of the management team and does not work in the business day to day, but advises and monitors the executives.
  • shareholderA person or organisation that owns shares in a company, and therefore part of it, usually with the right to vote at general meetings and to receive dividends.
  • fiduciary dutyA legal duty to act in the best interests of another person or organisation, such as the duty of company directors to act honestly and carefully for the company.
  • senior managementThe group of people at the top of an organisation who make its most important decisions, such as the CEO, directors and heads of major departments.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Corporate Governance

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