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Business Dictionary :
Board
Board
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Board : noun :
(a) (Britain) board of directors = group of directors elected by the shareholders to run a company
• The bank has two representatives on the board.
• He sits on the board as a representative of the bank.
• Two directors were removed from the board at the AGM.
• She was asked to join the board = she was asked to become a director.
Board Meeting = meeting of the directors of a company
(b) (USA) board of directors = group of people elected by the shareholders to draw up company policy and to appoint the president and other executive officers who are responsible for managing the company
NOTE : The board of an American company may be made up of a large number of non-executive directors and only one or two executive officers. A British board has more executive directors.
(c) group of people who run a trust or a society
Advisory Board = group of advisors
Editorial Board = group of editors
(d) On Board = on a ship or plane or train
Free On Board (f.o.b.) = price includes all the seller's costs until the goods are on the ship for transportation
Board : verb : to go on to a ship or plane or train
• Customs officials boarded the ship in the harbour.
Boarding Card or Boarding Pass : noun : card given to passengers who have checked in for a flight to allow them to board the plane
Boardroom : noun : room where the directors of a company meet
Boardroom Battles = arguments between directors
QUOTE : A proxy is the written authorization an investor sends to a stockholder meeting conveying his vote on a corporate resolution or the election of a company’s board of directors.
(Barrons)
QUOTE : CEOs with their wealth of practical experience are in great demand and can pick and choose the boards they want to serve on.
(Duns Business Month)
