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WordNet-Online
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Definitions from the WebTerm: Board of DirectorsDescription:The term "board of directors" refers to a group of individuals elected or appointed to oversee the activities and decision-making processes of a company or organization. The board of directors is usually responsible for setting strategic goals, making major business decisions, and ensuring the organization's overall success. Senses and Usages:Noun (Corporate Sense):The board of directors in a corporate context is a governing body that represents the shareholders' interests and makes significant decisions in relation to the company's operations, finances, and policies. Example Sentence:
Noun (Non-profit Sense):In the non-profit sector, the board of directors is responsible for providing leadership, establishing the organization's mission and goals, and ensuring proper governance and compliance with legal requirements. Example Sentence:
Noun (Local Context):In a local context, the board of directors refers to the elected or appointed group of individuals responsible for governing a specific local organization, such as a community center or homeowners association. Example Sentence:
Noun (Educational Sense):In the educational field, the board of directors typically represents the governing body overseeing the operations of a school or educational institution. Example Sentence:
Noun (Hospital Sense):In the healthcare sector, the board of directors for a hospital or medical center plays an essential role in terms of governance, setting policies, and making decisions related to patient care and financial matters. Example Sentence:
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