Role of the Board
The board is the group of people, (directors, board members) elected by the owners, called the shareholders or members, to represent and promote the interests of an incorporated entity most often called a company.
The collective decision-making nature of a board helps, amongst other things, ensures to ensure that the competing priorities are considered at all times and an appropriate balance is achieved between these competing demands.
The role of the board is to govern the organisation not to manage it. The board sits between the owners of the company and senior management who oversee the staff and operations. It is the board which sets the direction and takes responsibility for performance and legal compliance of the company.