The definition of 'Board of directors'

The board of directors is a group of people who are either elected, or appointed, to oversee the activities of a company.

The board represent the interest of company shareholders. Their responsibilities are set out in the company’s bylaws and are typically far reaching.

Typically a company’s CEO and other C level individuals will belong to the board in addition to non-employees who are appointed to contribute insights and experience to compliment those of the other board members.