Business Dictionary :

Previous Page

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.

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)

Business Dictionary Index

From Board to HOME PAGE