board approval
Directors' formal permission
Board approval is formal authorization from a governing board—typically a board of directors—to proceed with a significant action.
Major corporate decisions like mergers, executive compensation, and large expenditures require board approval before implementation: The deal is contingent on board approval.
The term implies institutional oversight and fiduciary responsibility.
- voteFormal choice expression
- unanimousComplete agreement among all
- show of handsVoting by lifting arms
- resolutionFormal decision or determination
- voting rightsEntitlement to elect officials
meeting · directors · quorum · motion · ratify · consent · authorize · corporate · governance · chairman · executive session · minutes · executive · stakeholders · fiduciary · due diligence · rubber stamp · rubber-stamp
- approvalsauthorizing, certification, endorsing, endorsement, authorize
- condoscondo, condominium, co-op, unit, condo association
- hiringhiring, job, interview, resume, application
- family businessfamily business, family enterprise, family ownership, succession plan, succession planning
- licensinglicense agreement, application fee, license renewal, license fee, renewal fee
- Telecom Mergersmergers, acquisition, takeover, buyout, consolidation