A corporate board of directors is a group of individuals elected to represent shareholders and oversee the management of a company. Their primary responsibilities include setting company policies, making major business decisions, and ensuring that the company operates in the best interests of its stakeholders. Board members typically have diverse backgrounds and expertise, which helps them provide valuable insights and guidance.
The board is also responsible for appointing and evaluating the performance of the company's CEO and other top executives. Additionally, they ensure compliance with legal and regulatory requirements, manage risks, and approve financial statements. Overall, the board plays a crucial role in the governance and strategic direction of a corporation.