A corporate board, often referred to as a board of directors, is a group of individuals elected to represent shareholders' interests in a company. Their primary responsibilities include setting company policies, making major decisions, and overseeing the management team. The board ensures that the company operates in a way that aligns with its goals and complies with legal and regulatory requirements. Members of a corporate board typically include both internal executives, such as the CEO, and external directors who bring diverse expertise and perspectives. The board meets regularly to review performance, approve budgets, and guide the company's strategic direction, ultimately aiming to enhance shareholder value.