Board Governance
/ˈbɔrd ˈgʌvərnəns/
Definitions
- (n.) The system of rules, practices, and processes by which a board of directors oversees an organization's activities and ensures accountability to stakeholders.
Effective board governance is crucial for corporate compliance and ethical management.
- (n.) The collective responsibilities and authority held by a board in directing an organization's strategic direction and risk management.
Board governance includes approving budgets and monitoring executive performance.
Forms
- board governance
Related terms
See also
Commentary
Board governance emphasizes the legal and fiduciary framework guiding board members' duties in organizations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.