board (noun, board, \ bɔːrd \) of directors (noun, di-rec-tors, \ dəˈrektərz \)
Definition: is a process of gathering, hiring, and organizing a board of directors. This process is a common practice within the entrepreneurial organizations and companies, where a founder (or a couple of them) requires assistance in business operations in order to make them smoother and more efficient. A board of directors setup requires a thorough planning since a company owner needs to define what exact traits are needed for a company and how much experience is required to achieve its business objectives. The term “board of directors setup” has a simpler definition and may also refer to a specific arrangement of chairs for the board meeting.
In a Sentence:
- Make sure that the board of directors setup is proper and done on time before the meeting.
- A board of directors setup requires you to clearly establish the job conditions, potential risks, and requirements.
Synonyms and related words: board of directors, executive, director, entrepreneurial company, private organization, board of directors meeting
