ENTREPRENEURSHIP

Detailed explanation-1: -What Is Board of Directors (B of D)? A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. The board typically meets at regular intervals. Every public company must have a board of directors.

Detailed explanation-2: -A board of directors is the governing body of an organization (called the board ) of an incorporated firm. The board is a group of elected individuals (its members, also known as directors) acting as fiduciaries on behalf of the organization, its shareholders, and other interested stakeholders.

Detailed explanation-3: -A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency.

Detailed explanation-4: -Typically, governing boards are responsible for providing direction and oversight of key objectives for nonprofits and corporations. A traditional board of directors or board of trustees, referred to as a governing board, oversees the operations of a nonprofit or corporation.

Detailed explanation-5: -A public company’s board of directors is chosen by shareholders, and its primary job is to look out for shareholders’ interests. In fact, directors are legally required to put shareholders’ interests ahead of their own.