board of directors
Word family
Synonym discussion
Sense: noun/1
A board of directors has legal authority to make binding decisions for a company or organization, and its members can be held accountable for those decisions. A governing board is a broader term covering any group with oversight power, including boards of directors, school boards, and regulatory bodies. A board of trustees is typical of non-profits, universities, and charitable trusts; its members have a fiduciary duty to protect the organization's assets rather than to maximize profits. An executive committee is a smaller subgroup drawn from a board that handles urgent matters between full board meetings — it acts with the board's delegated authority. An advisory board, by contrast, offers guidance and expertise but has no formal decision-making power; it cannot bind the organization or override management. For example, a tech startup might have an advisory board of industry experts who suggest strategy but do not vote on budgets.
Common collocations
Nouns
- board of directors meeting
- member of the board of directors
- chair of the board of directors
Phrases
- serve on the board of directors
- appoint someone to the board of directors
- elect someone to the board of directors
Prepositions
- on the board of directors
- to the board of directors
Etymology
The term comes from the custom of a group sitting around a board (a table) to conduct official business. 'Board' traces back to Old English bord ('plank, table'), while 'director' comes from Latin dirigere ('to guide, set straight') via Anglo-Norman French. The modern board of directors emerged with the growth of joint-stock companies in 17th-century Europe, when investors needed a trusted group to oversee their shared enterprise.