A group of individuals elected by shareholders to represent their interests and oversee corporate governance. The board is responsible for establishing policies related to corporate management and making key decisions on major company matters. Acting as fiduciaries, board members are tasked with ensuring the financial well-being of the company. Responsibilities may include hiring and firing senior executives, determining dividend and compensation policies, and overseeing executive performance. Additionally, the board helps set strategic goals, supports the executive team, and ensures the company has sufficient resources and proper management of those resources.
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