What does a board of directors do?

They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From:

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A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.