The Board of Governors is a group of individuals responsible for overseeing the operations and policies of an organization, often in the context of government or educational institutions. In the United States, the term is commonly associated with the Federal Reserve System, which manages the country's monetary policy and regulates banks. Members of the Board of Governors are typically appointed by the President of the United States and confirmed by the Senate. They serve staggered terms, ensuring continuity and stability in governance. The board plays a crucial role in decision-making, setting regulations, and guiding the overall direction of the organization it oversees.