Board of Directors definition:
The group of most senior managers, operators and administrators of a corporation or association.
Board Of Directors
(n) Board of Directors is the persons selected by the shareholder of a body corporate to run the business of the company on behalf of them as per the memorandum and article of the company.
BOARD OF DIRECTORS - Persons elected by the stockholders of a corporation to manage and direct the affairs of the corporation.
Board of Directors: The directors of a corporation, collectively. The directors of a corporation are its governing board.
board of directors often cap B&D : a group of individuals elected by the shareholders of a corporation to manage the corporation's business and appoint its officers ...
BOARD OF DIRECTORS: The group of people elected by a corporation's shareholders to make major business decisions for the company.
board of directors
n. the policy managers of a corporation or organization elected by the shareholders or members. The board in turn chooses the officers of the corporation, sets basic policy, and is responsible to the shareholders.
Board of Directors
The Board of Directors of the FDIC is the governing body of the FDIC.
See also: board of directors corporation proxy shareholder
The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications ...
Shares which are without par value or "non par value shares" are shares which may be sold at whatever price the company's board of directors decides.
Shareholder agreement A contract between the shareholders of the company and the company itself, in which certain things, usually the purview of the board of directors, are detailed.
A company is deemed to be a subsidiary of another if (but only if): (a) that other (i) is a member of it and controls the composition of its board of directors; or (b) holds more than half in nominal value of its equity share capital; ...
A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer.
Bylaws are adopted by the shareholders or the board of directors of a corporation. They generally include procedures for holding meetings and electing the board of directors and officers.
Advisory Board: A body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters.
Affidavit: A written statement under oath.
In banking corporations these officers are commonly called directors, and the power to conduct the affairs of the company, is vested in a board of directors.
A contract between the shareholders of the company and the company itself, in which certain things, usually the purview of the board of directors, are detailed.
officer - Person elected by a corporation's board of directors, or by the manager of a limited liability company, to manage the day ...
When a corporation is profitable, its board of directors will usually declare a dividend. When the corporation fails to make money for any prolonged period of time, it may skip or fail to declare dividends.
Definition - Intransitive Verb
1 : to occupy a place as a member of an official or formal body <~ in Congress> <~ on a board of directors>
2 : to hold a session
: conduct official business <the court ~s in the state capital> ...
For example, a decision to borrow money, lease an office or buy real property would normally be authorized by the board of directors.
shareholder has a prima facie right to transfer his shares, this right is subject to the regulations of the company, and the company may and usually does by its regulations require that a transfer shall receive the approval of the board of directors ...
Bankruptcy usually involves the removal of several special legal rights such as the right to sit on a board of directors or, for some professions that form part of the justice systems, to practice, such as lawyers or judges.
Dividends are declared by the board of directors at the annual general meeting. The shareholders decide the dividend at the meeting, but it must not exceed the directors' recommendation.
 See also: Directors, Law, Person, Corporation, State
  
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