A Board of Directors is a group of individuals elected to represent the shareholders of a company. Their primary role is to oversee the management and ensure that the company is being run in the best interests of its owners. They make important decisions regarding company policies, financial performance, and strategic direction.
Members of the Board of Directors typically include experienced professionals from various industries. They meet regularly to discuss company performance, approve budgets, and set long-term goals. The board also has the responsibility to hire and evaluate the CEO and other top executives, ensuring effective leadership for the organization.