BOARD MEMBER Meaning and
Definition
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A board member, often referred to as a director or trustee, is an individual who holds a position on the board of directors of an organization or company. This is a prestigious role that involves sharing responsibility for the overall governance and strategic decision-making of the entity.
Board members are typically elected or appointed to serve a specific term and are accountable to the shareholders, stakeholders, or members of the organization. They have a fiduciary duty to act in the best interests of the organization and its constituents, ensuring its financial stability, long-term success, and adherence to its mission and values.
The responsibilities of a board member may include participating in meetings, offering expertise and guidance, voting on significant matters, approving budgets, monitoring performance, hiring and evaluating executive leadership, and setting strategic goals and policies. They may also be required to maintain a high level of confidentiality, loyalty, and ethical conduct.
Board members are expected to possess a diverse range of skills and experiences that complement the needs of the organization. They may come from various backgrounds, such as business, finance, law, or nonprofit management. Effective board members are committed, proactive, and willing to dedicate their time, knowledge, and resources to the betterment of the organization they serve.
Common Misspellings for BOARD MEMBER
- boardmember
- voard member
- noard member
- hoard member
- goard member
- biard member
- bkard member
- blard member
- bpard member
- b0ard member
- b9ard member
- bozrd member
- bosrd member
- bowrd member
- boqrd member
- boaed member
- boadd member
- boafd member
- boatd member
- boa5d member
Etymology of BOARD MEMBER
The word "board member" is derived from the Middle English word "bord", which referred to a flat piece of wood. It originated from the Old English word "bord", meaning a plank or a flat object used to construct floors, walls, or other structures. In ancient times, people would gather around a wooden board placed on trestles or stands to hold meetings or discussions, hence the term "board" began to be associated with the group of people who convened for such purposes. Over time, "board member" evolved to specifically denote an individual who serves on a board of directors or similar governing body of an organization.
Similar spelling words for BOARD MEMBER
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