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Dictionary by pitch.dog
Boards, directors & committees · Core

Board of directors

Also called: board

ELI5

The governing body responsible for oversight, major decisions and duties assigned by law or governing documents.

Used in conversation

“Counsel wants board of directors clarified before anyone signs.”

Pitch context

You will see “Board of directors” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • Advisory boardA board of directors has formal governance authority and duties; an advisory board gives advice without the same statutory decision power.
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Sources & evidence · 3

Direct term-level sources and supporting source families.