Board Of Directors Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Board Of Directors, written in plain English, along with examples of how it is used.

What is Board Of Directors?

(n) Board of Directors is the persons selected by the shareholder of a body corporate to run the business of the company on behalf of them as per the memorandum and article of the company. Board of Directors is the executive authority of a corporation.