In this article, we covered a number of topics concerning how a Board of Directors functions. We focused on Board of Directors in corporations, but Boards sit on all kinds of other organizations, agencies, etc.
With a good understanding of the Board of Directors you might want to explore the functions and role of the
Chairman of the Board - perhaps one of the most prestigious positions in the corporate world. The Chairman of the Board is the leader of the Board of Directors and must attend and preside over the Board’s meetings.
Next time someone talks about a Board of Directors you should have a much better understanding about how they operate. And remember, it is the Board of Directors that makes the policy decisions that sets the direction of the corporation (or other organizations).
At the very least, the next time you watch Tommy Boy, you’ll know the functions and responsibilities of the Board of Directors at Callahan Auto.