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What is a board of directors?

Management Dictionary
Governance, Organizational Theory, Strategic Management

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The board of directors is a collegial governance structure responsible for supervising an organization’s activities. Composed of members selected for their expertise, it acts as a representative of shareholders and ensures the organization’s efficiency, ethics, and compliance.

Its responsibilities include defining strategy and objectives, monitoring risks, and appointing and overseeing executive management. Board meetings are used to review reports and make strategic decisions. This structure is crucial for the long-term success of the organization, promoting transparency and trust.

Links & resources

https://www.ifa-asso.com/mediatheques/quel-est-le-role-du-conseil-dadministration/

Keywords

Checks and balances, collegiality, compliance, governance, Strategy

Author(s)

BESANGER Serge

Professeur

INSEEC-U

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