A Board of Directors is a group of individuals elected to represent shareholders and oversee the activities of a company or organization. Their primary responsibilities include setting company policies, making major decisions, and ensuring that the organization is managed effectively. The board typically consists of both internal members, such as executives, and external members, who bring independent perspectives.
The board meets regularly to discuss strategic goals, financial performance, and compliance with laws and regulations. Members of the board are often chosen for their expertise in various fields, such as finance, marketing, or law, to provide valuable insights and guidance to the organization.