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Board of directors

• Individuals elected by stockholders to establish corporate management policies. A board of directors decides, among other issues, if and when dividends will be paid to stockholders.

• Group elected by the firm's shareholders and having ultimate authority to guide corporate affairs and make general policy.

 
 Embedded terms in definition
 Dividends
Shareholders
Will
 
 Related Terms
 Accounting standards board
Big board
Chicago board of trade
Federal reserve board
Financial accounting standards board
Free on board
Short the board

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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