Business Dictionary :
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.Board Meeting
• 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.
= 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 societyAdvisory Board
= group of advisorsEditorial Board
= group of editors
(d) On Board = on a ship or plane or trainFree On Board
(f.o.b.) = price includes all the seller's costs until the goods are on the ship for transportationBoard
: 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
: room where the directors of a company meetBoardroom 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.
: 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
) From Board to HOME PAGE