Board of Directors

From Sixth World Wiki

The Board of Directors is the body elected by the shareholders to oversee a corporation's management. The Directors must be individual shareholders themselves, or persons designated by an institutional shareholder (like a corporation or a state). Some corporation also includes in the board officers, division's heads or employees' representatives with or without a voting right. The board elects its chairman to organize and lead the board's meetings, as well as all of the corporation's officers. Unlike the Shareholders General Assembly, where voting right is calculated according to the amount of shares owned, most board function on a "one seat, one voice" basis. In some corporation, the chairman is granted a second voice when there is a need of a tie-breaker.