A board of directors is a group of individuals elected to represent shareholders and oversee the activities of a company or organization. Their main responsibilities include setting company policies, making major decisions, and ensuring that the organization is managed effectively. Members of the board often have diverse backgrounds and expertise, which helps them provide valuable insights and guidance. The board typically includes a mix of internal members, such as executives, and external members, known as independent directors. This structure helps maintain objectivity and accountability. Boards meet regularly to discuss strategic plans, financial performance, and other important matters affecting the organization.