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Related Definitions
Directors and officer liability (D&O) insurance Directors and officer liability (D&O) insurance is a commercial liability coverage that provides financial protection for the directors, officers,
Board of Directors A board of directors is a panel of individuals elected by a corporation’s shareholders to oversee the management of the firm. A board is typically made up both...
Responsibilities of Board of directors The board of directors operates as the representatives of the firm’s stockholders. Elected by the stockholders, the board has these major responsibilities
Boards of directors The strategic managers at the highest level are responsible for decisions that affect the entire firm, commit the firm and its resources for the longest periods, and declare the firm’s sense of values.