Kendra is part of a team that will be preparing a presentation to the board of directors about a new product idea. The team would likely to brainstorm for ideas the first time they meet.
A board of directors is essentially a body of people elected to represent the shareholders. All joint-stock companies are required by law to have a board of directors. Non-profit organizations and many private companies also appoint boards, although they are not required to do so.
What is the role of the board of directors?
The primary task of a shareholder-elected board of directors of a public company is to protect the interests of the shareholders. In fact, directors are required by law to put the interests of shareholders above their own. The board of directors plays a supervisory role, overseeing the company's activities and evaluating its performance.
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