Board of directors*

2015 07 01 | Category: Offshore Glossary

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Board of directors*
Individuals elected by a corporation’s shareholders to oversee the management of the corporation. The members of a Board of Directors are paid in cash and/or stock, meet several times each year, and assume legal responsibility for corporate activities. A board of directors decides, among other issues, if and when dividends will be paid to stockholders. Also called Directorate.


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