Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'board member'?

A. member of a board of directors that is also an employee of the organization
B. person appointed and given the responsibility to manage the affairs of an organization and the authority to make decisions within specified role-specific boundaries
C. high-level management executive of a corporation or other organization, hired by the board of directors or the business owner(s), charged with certain operational responsibilities, and who has the authority to act on behalf of the organization, including the authority to enter into contracts on behalf of the organization
D. party that has fiduciary responsibility with respect to the organization, including but not limited to determining and executing corporate policy

Answer: party that has fiduciary responsibility with respect to the organization, including but not limited to determining and executing corporate policy