单词 | board meeting |
释义 | board meeting board meeting a meeting of the board of DIRECTORS of a COMPANY at which the policy of the company and major decisions as to its future actions are discussed. It is decisions of the board that decide or rati- fy action taken or to be taken on behalf of the company. The powers of the board are usually set out in the company's ARTICLES OF ASSOCI- ATION. At meetings of the board of directors, the proceedings are gov- erned by the company's articles and by any rules made by the direc- tors themselves by virtue of any powers conferred on them by the45 boilerplate articles. The presence of all the directors at a meeting is not essential if, as is usually the case, the articles provide that a specified number will constitute a quorum. If a quorum is not so prescribed a majority of the board is required to attend. |
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