Sample Board of Directors Meeting Minutes Template
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A board of directors is a group of individuals who collectively manage an organization's operations, and can be either a profit-making organization or a non-profit organization, such as a business, a non-profit organization, or a government agency. The powers, responsibilities, and duties of a board are determined by government legislation (including the corporate law of the jurisdiction) and the constitution and bylaws of the company itself. These authorities may decide the number of members of the Board, how they should be appointed and how often they should meet.
In an organization of voting members, the board is responsible for the entire membership of the organization, which formally elects the members of the board, and maybe subordinate to it. In a stock corporation, the shareholders elect non-executive directors, and the board has ultimate responsibility for the management of the company. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board nominates the corporation's chief executive officer and sets out the overall strategic course. The selection and appointment of directors (that shareholders vote for or against) are frequently performed by the board itself in companies with scattered ownership, contributing to a high degree of self-perpetuation. In a non-stock company with no general voting membership, the board is the institution's sole governing body, and the board itself also selects its members.
Choose from a collection of sample Board templates that have been designed just for you. Download options are available in Illustrator, Excel, and a variety of other formats.