What Does it Mean? A group of individuals that are elected as, or elected to act as, representatives of the stockholders to establish corporate management related policies and to make decisions on major company issues. Such issues include the hiring/firing of executives, dividend policies, options policies and executive compensation. Every public company must have a board of directors.
Investopedia Says... In general, the board makes decisions on shareholders' behalf. Most importantly, the board of directors should be a fair representation of both management and... Read more »
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