board of directors

board of directors definition - finance
The body that manages a U.S. corporation. The board appoints top managers, approves their compensation, votes to issue dividends, decides whether to approve a merger, and handles many other big-picture issues. The size of boards vary.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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