Board of Directors (B of D)

A board of directors (BoD) is a group of individuals elected by shareholders to oversee the management of a company. The board is responsible for setting the company's strategic direction, approving major decisions, and monitoring the performance of the CEO and other senior executives.

The board of directors is an important part of corporate governance, which is the system of rules and procedures that ensures that companies are managed in the interests of shareholders. The board of directors plays a key role in ensuring that the company is run in a transparent and accountable manner.

The board of directors is typically composed of independent directors, who are not employees of the company, and executive directors, who are senior executives of the company. The number of directors on the board varies from company to company, but it is typically between 10 and 15.

The board of directors meets regularly to discuss the company's performance and to make decisions on major issues. The board also has the power to hire and fire the CEO and other senior executives.

The board of directors plays a vital role in ensuring that companies are managed in a responsible and ethical manner. The board is responsible for setting the company's strategic direction, approving major decisions, and monitoring the performance of the CEO and other senior executives. The board of directors is an important part of corporate governance, which is the system of rules and procedures that ensures that companies are managed in the interests of shareholders.