Company director | Wikipedia audio article
Channel: wikipedia tts
Date: 28/01/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Board_of_directors


00:01:41 1 Terminology
00:02:11 2 Roles
00:04:03 3 Directors
00:04:28 3.1 Inside director
00:06:10 3.2 Outside director
00:08:05 3.3 Terminology
00:09:57 4 Process and structure
00:11:01 4.1 Board meetings
00:11:57 4.2 Size
00:12:29 5 Non-corporate boards
00:14:06 5.1 Membership organizations
00:16:11 6 Corporations
00:16:51 6.1 Governance
00:20:35 6.2 Two-tier system
00:22:10 6.3 History
00:25:22 6.4 Election and removal
00:29:31 6.5 Exercise of powers
00:30:45 6.6 Duties
00:31:49 6.6.1 "Proper purpose"
00:34:17 6.6.2 "Unfettered discretion"
00:35:20 6.6.3 "Conflict of duty and interest"
00:36:10 6.6.3.1 Transactions with the company
00:38:36 6.6.3.2 Use of corporate property, opportunity, or information
00:40:08 6.6.3.3 Competing with the company
00:40:34 6.6.4 Common law duties of care and skill
00:42:43 6.6.5 Remedies for breach of duty
00:43:21 6.6.6 Current trends
00:45:29 6.6.7 The Board and Society
00:47:00 6.7 United States
00:47:09 6.7.1 Sarbanes–Oxley Act
00:48:28 6.7.2 Size
00:49:11 6.7.3 Committees
00:49:39 6.7.4 Compensation
00:50:37 6.8 Criticism
00:52:02 7 See also



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SUMMARY
=======
A board of directors is a recognized group of people who jointly oversee the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency. Such a board's powers, duties, and responsibilities are determined by government regulations (including the jurisdiction's corporations law) and the organization's own constitution and bylaws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet.
In an organization with voting members, the board is accountable to, and might be subordinate to, the organization's full membership, which usually vote for the members of the board. In a stock corporation, non-executive directors are voted for by the shareholders and the board is the highest authority in the management of the corporation. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. In corporations with dispersed ownership, the identification and nomination of directors (that shareholders vote for or against) are often done by the board itself, leading to a high degree of self-perpetuation. In a non-stock corporation with no general voting membership, the board is the supreme governing body of the institution; its members are sometimes chosen by the board itself.