Board of Directors The board of directors is a group of
shareholders of the organization. The board is the supreme
policy framing and decision making body in the organization,
that is in charge of the overall supervision and control of the
affairs of the enterprise. Next to the board of directors in the
hierarchy, we have the executive or working committee of a few
directors to transact business more quickly. It usually
transacts the urgent business. It also funnels matters for board
consideration and decision. The other directors usually accept a
proposal from the executive committee. The board appoints the
chief executive officer (CEO), who is delegated the task of
running the entire business. Apart from the CEO, there are some
other officers at this level that include Chief Officers, Vice
Presidents, General Managers or Divisional Managers to assist
the chief executive. This small body of executive officers
constitutes the top management and is in charge of all
managerial functions and power. Their job res