Boards vary according to the country in which they operate and the company they serve.

Board member meaning company. An executive board member is a key decision-maker in a corporation usually from the board of directors such as the chairman vice-chairman secretary or treasurer. For-profit and nonprofit corporations as well as some government agencies have a board of directors. These high-level members of the company are called directors.

Members of the board of directors can also be employees of the company. What Is a Board of Directors. Reference to board in this document means the group of individuals howsoever described or called in whom the governance control direction and management of the organisation is vested in accordance with its constituent documents or by legislation.

Collectively all directors as a group and the supreme acting authority of the company are called board of directors. Board members are typically elected by the companys shareholders at the annual shareholders meeting. Consisting of elected individuals who serve as advisors to a corporation a board of directors acts as a proxy representative or substitute for shareholders.

The individuals at the highest level of management are responsible for the functioning of the company. Many such employees could have titles such as vice president of a sector but the meaning of VP in business can vary widely. Boards typically try to stagger director terms to minimize the number of elections in a year.

The CEO COO CFO other executive officers or even other employees without a formal title can be elected to the board. Corporate Structure and the Hierarchy of Governance. In the case of a.