Board of Directors

Definitions

1. The formal governing body responsible for overseeing company leadership, major decisions, and fiduciary obligations to shareholders. Startups often move from founder-dominated boards to more independent structures over time.

   In plain English: The group formally responsible for overseeing the company.

   Example: "The board of directors approved the financing and the new option pool."

Related Terms

• Benevolent Dictator For Life
• Core Team
• Jensen Huang
• Sam Altman
• Governance
• Independent Board Member
• Advisory Board
• Board Meeting
• Board Observer
• Board Seat
• Shadow Board
• IT Governance