Board of Directors

Breach of Promise

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. in small corporations there are usually only three directors. in larger corporations board members provide illustrious names, but the company is often run by the officers and middle-management who have the expertise.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.