The board of directors is a group of individuals who oversee the actions of the executives in a company. In publicly-held companies, those that sell stock to the public and are therefore owned by shareholders, the board of directors is legally responsible for much of what the company does. The board of directors must approve the company’s budget before any money can be spent.
Related Articles:
- Future of the Business World: Fostering Gender Equality in STEM
- From Pizza to Finance, Students Talk about Joining the Family Business
- Generation Microfinance: Charlie Javice Believes in the Power of Students to Alleviate PovertyPoverUp, which launched in April 2011, was named one of Inc. Magazine’s “11 Coolest College Startups,” and founder Charlie Javice, who is 19, was one of Fast Company’s “100 Most Creative People in Business 2011.” Javice, a student at The Wharton School, University of Pennsylvania, spoke with Knowledge@Wharton High School editor Diana Drake about building an online network that lets socially minded students learn, connect and invest in microfinance.
- Making a Statement: 10-Ks, 10-Qs and Company FinancialsInvestment analyst Peter Hand has been working professionally in the investment field for about two years, a job that he scored thanks to a valuable college internship. He spoke to Knowledge@Wharton High School about his own career track and also offered a lesson in understanding company financial statements.
- Disney CEO Bob Iger Lets Us In on the ‘Magic’ of His Corporate Leadership