Board definition: Copy, customize, and use instantly
Introduction
The term "Board" refers to the governing body or group of individuals responsible for overseeing the management and direction of an organization. The Board typically holds decision-making authority, ensuring that the organization operates in alignment with its goals and legal obligations. It is essential for defining the scope of governance and decision-making processes within a contract.
Below are various examples of how "Board" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Board" as the group of directors overseeing corporate governance
This definition ties "Board" to its role in corporate governance and decision-making.
"Board" refers to the group of individuals elected or appointed to oversee the management of the organization, make strategic decisions, and ensure the company complies with applicable laws and regulations.
Definition of "Board" as the decision-making body of the corporation
This definition connects "Board" to its function as the ultimate decision-maker in corporate matters.
"Board" means the decision-making body responsible for approving major corporate actions, including strategic direction, financial decisions, and key policies of the company.
Definition of "Board" as the governing authority in the company
This definition links "Board" to its position of authority within the organization.
"Board" refers to the governing authority of the company, responsible for overseeing the company's activities, including financial oversight, risk management, and organizational direction.
Definition of "Board" as the group responsible for setting company policy
This definition ties "Board" to its role in shaping the company's policies.
"Board" means the collective body responsible for setting the overall policies and strategic direction of the company, ensuring alignment with its mission, goals, and stakeholder interests.
Definition of "Board" as the group responsible for the appointment of executives
This definition connects "Board" to its role in the appointment and oversight of executive officers.
"Board" refers to the body responsible for appointing the company’s executive officers, including the CEO, CFO, and other key members of management, and overseeing their performance.
Definition of "Board" as the body that ensures organizational accountability
This definition links "Board" to its function in ensuring accountability within the organization.
"Board" refers to the group responsible for ensuring organizational accountability by reviewing management actions, holding executives accountable, and protecting the interests of shareholders and stakeholders.
Definition of "Board" as the body responsible for legal and regulatory oversight
This definition ties "Board" to its role in compliance and legal oversight.
"Board" means the governing body responsible for ensuring that the organization complies with all legal and regulatory requirements, and that it operates within the boundaries of the law.
Definition of "Board" as the body responsible for approving major transactions
This definition connects "Board" to its role in approving significant business transactions.
"Board" refers to the group of directors who are responsible for approving major corporate transactions, such as mergers, acquisitions, and the issuance of stock or securities.
Definition of "Board" as the collective body managing the risk and strategy of the company
This definition ties "Board" to its role in overseeing corporate strategy and risk management.
"Board" refers to the collective body responsible for overseeing the strategic direction and risk management of the company, ensuring that risks are properly identified, assessed, and mitigated.
Definition of "Board" as the collective body responsible for overseeing operations
This definition connects "Board" to its responsibility for overseeing day-to-day operations and long-term strategy.
"Board" refers to the collective body tasked with overseeing both the daily operations and the long-term strategic direction of the organization, ensuring that it meets its performance targets and maintains effective governance.
Definition of "Board" as the entity responsible for risk management and oversight
This definition ties "Board" to its role in risk management.
"Board" means the entity responsible for overseeing the identification, assessment, and management of risks to the organization, ensuring that effective risk mitigation strategies are in place.
Definition of "Board" as the elected or appointed group with fiduciary duties
This definition links "Board" to its fiduciary responsibilities to stakeholders.
"Board" refers to the group of individuals elected or appointed to manage the company, who owe fiduciary duties to the shareholders, ensuring that they act in the best interest of the organization and its stakeholders.
Definition of "Board" as the body responsible for reviewing executive performance
This definition connects "Board" to its role in evaluating executive performance.
"Board" means the group responsible for assessing the performance of the company’s executives, ensuring that they fulfill their duties and contribute to the organization’s success.
Definition of "Board" as the group responsible for shareholder communication
This definition links "Board" to its role in communicating with shareholders.
"Board" refers to the body responsible for maintaining transparent and regular communication with the company’s shareholders, ensuring their interests are represented and informed.
Definition of "Board" as the decision-making entity in the event of a crisis
This definition ties "Board" to its role during crisis management.
"Board" means the decision-making entity responsible for guiding the company through periods of crisis, making critical decisions to ensure the company’s survival and long-term viability.
Definition of "Board" as the group responsible for setting compensation policies
This definition connects "Board" to compensation and benefits management.
"Board" refers to the collective body responsible for determining the company’s compensation policies, including executive pay, bonuses, and other benefits, in alignment with corporate goals and performance.
Definition of "Board" as the body responsible for approving annual budgets and financial plans
This definition ties "Board" to its role in financial oversight.
"Board" means the body responsible for approving the company’s annual budgets and financial plans, ensuring that financial resources are allocated efficiently to support business objectives.
Definition of "Board" as the governing body with authority over organizational structure
This definition links "Board" to its role in organizational governance.
"Board" refers to the governing body with authority to make decisions regarding the organizational structure, including hiring key personnel, establishing reporting lines, and making structural changes.
Definition of "Board" as the group tasked with ensuring ethical governance
This definition connects "Board" to its responsibility for upholding ethical standards.
"Board" refers to the group tasked with ensuring that the company adheres to ethical governance practices, including transparency, integrity, and accountability in decision-making processes.
Definition of "Board" as the governing body of an organization
"Board" refers to the group of individuals who are responsible for overseeing the management and strategic direction of the organization, typically consisting of elected or appointed members who act in a fiduciary capacity.
Definition of "Board" as the board of directors
"Board" means the board of directors of the company, comprising individuals who are selected to represent shareholders and make decisions on the company's behalf in line with its corporate governance framework.
Definition of "Board" as a decision-making body
"Board" refers to the body authorized to make high-level decisions, set policies, and oversee the implementation of the organization’s strategy, typically involving senior leadership and sometimes external advisors.
Definition of "Board" as a committee within a larger organization
"Board" means any formal or informal group within an organization assigned to make decisions related to specific areas, such as audit, compensation, or strategy, with delegated powers to act on behalf of the larger organization.
Definition of "Board" as a collective body in governance
"Board" refers to the collective body, including individuals or committees, that governs the organization and is responsible for oversight, policy setting, and decision-making processes within the scope of its authority.
Definition of "Board" as an advisory group
"Board" means an advisory body formed to provide strategic input and expert advice to the leadership, without having binding authority on the organization’s decisions.
Definition of "Board" as the corporate board of directors
"Board" refers to the corporate board of directors, a group elected by shareholders to manage and govern the organization’s activities, ensuring legal compliance, risk management, and long-term strategic direction.
Definition of "Board" as a body responsible for legal compliance
"Board" refers to the governing group that ensures the organization adheres to applicable laws, regulations, and best practices, overseeing compliance-related policies and risk management activities.
Definition of "Board" as the decision-making authority in a nonprofit organization
"Board" means the group of individuals responsible for making strategic decisions, overseeing operations, and ensuring the financial integrity of a nonprofit organization, acting in the best interest of its mission and stakeholders.
Definition of "Board" as the group in charge of appointing executives
"Board" refers to the governing group with the authority to appoint and oversee the organization's executive officers, setting strategic goals and ensuring the organization meets its objectives.
Definition of "Board" as a body with fiduciary duties
"Board" means the group of individuals who hold fiduciary duties to the shareholders or members of an organization, acting in their best interests and ensuring the organization’s assets are used prudently and effectively.
Definition of "Board" as a collaborative group of senior leaders
"Board" refers to a group of senior leaders who collectively make critical decisions on the direction of the organization, often including the CEO, CFO, and other key executives, with final responsibility for governance and management.
Definition of "Board" as a body with authority to approve budgets
"Board" means the governing body authorized to approve and oversee the organization’s budget, ensuring that financial resources are appropriately allocated to achieve the organization's goals and objectives.
Definition of "Board" as a body that oversees internal controls
"Board" refers to the governing group responsible for ensuring the organization maintains adequate internal controls and processes to prevent fraud, errors, and other financial mismanagement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.