| 单词 | BOARD OF DIRECTORS |
| 释义 | The governing body of a public CORPORATION that acts as AGENT of the COMMON STOCK shareholders. In many companies the board of directors is responsible for developing strategy, overseeing management, and protecting/representing the interests of shareholders through DUTY OF CARE and DUTY OF LOYALTY. The actual structure of the board depends on whether the national system adheres to the SINGLE BOARD SYSTEM or the DUAL BOARD SYSTEM. |
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