A board of directors is a group of people who are elected by the shareholders of a company to oversee the management of the company. The board is responsible for making decisions about the direction of the company, and for hiring and firing the CEO.

The board of directors for a publicly-traded company must be disclosed to the shareholders. The board typically meets several times per year to discuss the management of the company. Board meetings are open to all shareholders.

The board of directors is one of the most important groups of people in a company. The board sets the tone for the management of the company, and can have a significant impact on its success or failure.