A board of directors, also called board of trustees, board of governors, board of managers, or board of curators, is a group of people who oversee the affairs of a corporation. One member of the group may be designated or elected to serve as chairperson and is referred to as the chairman of the board.

Failures

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While the primary responsibility of boards is to ensure that the corporation's management is performing its job correctly, actually achieving this in practice can be difficult. In a number of "corporate scandals" of the 1990s, one notable feature revealed in subsequent investigations is that boards were not aware of the activities of the managers that they hired, and the true financial state of the corporation. A number of factors may be involved in this tendency:

• Most boards largely rely on management to report information to them, thus allowing management to place the desired 'spin' on information, or even conceal or lie about the true state of a company.
• Boards of directors are part-time bodies, whose members meet only occasionally and may not know each other particularly well. This unfamiliarity can make it difficult for board members to question management.
• CEOs tend to be rather forceful personalities. In some cases, CEOs are accused of exercising too much influence over the company's board.
• Directors may not have the time or the skills required to understand the details of corporate business, allowing management to obscure problems.
• The same directors who appointed the present CEO oversee his or her performance. This makes it difficult for some directors to dispassionately evaluate the CEO's performance.
• Directors often feel that a judgement of a manager, particularly one who has performed well in the past, should be respected. This can be quite legitimate, but poses problems if the manager's judgement is indeed flawed.
• All of the above may contribute to a culture of "not rocking the boat" at board meetings.

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Chairman of the Board - Twitter Search

@matthewjohncla seriously, he's chairman of the board of the company I worked at for 7 years
goddessecouture (goddessecouture) Sat, 12 Dec 2009 23:05:30 -0000
@matthewjohncla seriously, he's chairman of the board of the company I worked at for 7 years
Here's to the Chairman of The Board on His Birthday! - Hail to Frank Sinatra! He did it his way!
mbolden (mbolden) Sat, 12 Dec 2009 22:44:25 -0000
Here's to the Chairman of The Board on His Birthday! - Hail to Frank Sinatra! He did it his way!
RT @patsysnyc: Happy Birthday Frank, our #1 customer and friend for those many years. Born 12/12/15 Hoboken, NJ. The Chairman of the Board.
RubenNews (Ruben Villaescusa) Sat, 12 Dec 2009 22:37:48 -0000
RT @patsysnyc: Happy Birthday Frank, our #1 customer and friend for those many years. Born 12/12/15 Hoboken, NJ. The Chairman of the Board.
RT @patsysnyc: Happy Birthday Frank, our #1 customer and friend for those many years. Born 12/12/15. Forever The Chairman of the Board.
francisalbert (Francis Albert) Sat, 12 Dec 2009 22:25:15 -0000
RT @patsysnyc: Happy Birthday Frank, our #1 customer and friend for those many years. Born 12/12/15. Forever The Chairman of the Board.
RT @GrownFolksMusic: Happy Birthday to the "Chairman of the Board" http://bit.ly/fsinatra #gfm
PoliticalJones (PoliticalJones) Sat, 12 Dec 2009 22:04:14 -0000
RT @GrownFolksMusic: Happy Birthday to the "Chairman of the Board" http://bit.ly/fsinatra #gfm
RT @patsysnyc RT @edhenrycnn: Sinatra's birthday, dim the lights tonite for the Chairman of the Board
colleen412 (colleen412) Sat, 12 Dec 2009 22:02:49 -0000
RT @patsysnyc RT @edhenrycnn: Sinatra's birthday, dim the lights tonite for the Chairman of the Board

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