EXECUTIVE BOARD Meaning and
Definition
-
An executive board refers to a group of individuals typically appointed or elected to make decisions and oversee the operations of an organization, company, or institution. Also known as a board of directors or governing board, the executive board holds a position of authority and plays a vital role in shaping the organization's strategic direction, policies, and overall management.
Composed of key stakeholders or senior-level executives, the executive board often includes the chief executive officer (CEO), chairman, presidents, vice presidents, and occasionally external directors. The composition and size of the executive board can vary depending on the organization's structure and function. It may also be board committees focusing on specific areas, such as finance, marketing, or operations, that report to the executive board.
The executive board has the primary responsibility of making important decisions that affect the organization's goals, financial stability, and sustainable growth. They provide leadership and guidance, set objectives, review and approve budgets, monitor operational performance, and assess risks. Moreover, the executive board oversees the implementation of policies, ensures compliance with legal requirements, and represents the organization to external stakeholders.
Effective collaboration, strong communication, and sound decision-making skills are essential for an executive board to fulfill its obligations successfully. Their collective expertise and diverse backgrounds contribute to the board's ability to promote transparency, accountability, and ethical conduct within the organization. The executive board's actions and strategies directly influence the success and long-term viability of the organization they represent.
Common Misspellings for EXECUTIVE BOARD
- wxecutive board
- sxecutive board
- dxecutive board
- rxecutive board
- 4xecutive board
- 3xecutive board
- ezecutive board
- ececutive board
- edecutive board
- esecutive board
- exwcutive board
- exscutive board
- exdcutive board
- exrcutive board
- ex4cutive board
- ex3cutive board
- exexutive board
- exevutive board
- exefutive board
- exedutive board
Etymology of EXECUTIVE BOARD
The word "executive" comes from the Latin word "executivus", which means "carrying out or performing". It is derived from the verb "exequi", which means "to follow through or accomplish".
The word "board" has its roots in the Old English word "bord", which referred to a flat piece of wood. Over time, it came to denote a table or a plank used for various purposes.
When the two words are combined to form "executive board", it refers to a group of individuals who are responsible for executing or carrying out decisions and policies on behalf of an organization. The term likely emerged in the context of corporate governance, where the board of directors delegates specific powers and responsibilities to the executive board members.
Infographic
Add the infographic to your website:
