Board of directors - sustany/dvg GitHub Wiki

In the context of a�corporation a board of directors�is a group�of people, selected by the shareholders, who make the major decisions for the company.�The exact responsibilities of the board are governed by the company�s�articles of incorporation. That said, the board is generally responsible for choosing the�corporate officers, selling shares of the company, distributing�dividends, and responding to merger and takeover offers.�The board has a�fiduciary duty�to act in the best interest of the shareholders.�Additionally, every public corporation is legally required to elect a board of directors. Private companies are not under the same obligation; however, they also tend to elect a board.�