What Is a Board of Directors?

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The board of directors is a governing body that is elected by shareholders to create corporate policies and supervise the operations of the company. The structure of a Board may be different, and the bylaws of the company may affect the number of members and how often they meet and the manner in which the election procedure is carried out. A board is typically comprised by employees of the company who are aware of the inner workings of an organization and qualified individuals from outside who have expertise in a similar field.

The board is an organization of strategic importance that oversees the CEO’s pursuit of goals line with the overall vision of the company. The board could be an effective shield for the business during times of crisis, when the CEO is not able to be everywhere. It takes a keen eye to identify people with the right qualifications and abilities who are invested into the organization’s goals. A database of prospective candidates is a good method to find the right candidate for the job.