Board of Directors: Glossary Definition
Definition of Board of Directors:
The governing body of a corporation responsible for oversight of the organization. See “Directors”.
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Today’s Question — Sunday, March 21
Must the board of directors meet and hold meetings?
The corporate protections afforded by operating your business through an LLC or corporation are typically recognized by a court if certain corporate formalities are honored, including recognizing basic corporate governance matters, such as holding regular board of directors meetings, not commingling corporate funds with those of individual stockholders or other businesses, and holding stockholder meetings.
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