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A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law ) and the organization's own constitution and by-laws .
The corporation's name might consist of its governing board members' title (for example, The Trustees of Princeton University is a New Jersey nonprofit corporation). These board members (trustees, regents, etc.) are fiduciaries for the corporation. In some cases, the institution might not have separate legal personhood; the trustees transact in ...
Village board of trustees is comparable to but distinguished from city council or town council. Small villages have a trustee instead of a mayor, who is elected to manage village business in a similar function. In some states, a civil township may be administered by a trustee or a group of trustees; see Indiana Township Trustee for an example.
AGB was founded in 1921. [4] It grew out of a conference held at the University of Michigan in 1920. [5] Until the early 1960s the Association of Governing Boards of Universities and Colleges was an affiliation of board members who took turns sharing the leadership and guidance needed to sustain an organization. [6]
Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance. Directors' duties are analogous to duties owed by trustees to beneficiaries, and by agents to principals.
The Packers Foundation is organized as a 501(c)(3) organization [27] that is led by a 10-person Board of Trustees drawn from the Green Bay Packers Board of Directors. The Trustees review the yearly grant applications submitted to the Foundation and decide how much money is to be provided to each applicant.
Board of Trustees or board of trustees may refer to: Board of trustees; Board of directors, advisors, visitors, governors, managers or regents; Supervisory board; Board of Trustees (Wikimedia Foundation) Board of Trustees (University of Chicago)
A Meeting of the School Trustees by Robert Harris. A board of education, school committee or school board is the board of directors or board of trustees of a school, local school district or an equivalent institution. [1] [2] [3] The elected council determines the educational policy in a small regional area, such as a city, county, state, or ...