board of directors

trustees

Those holding assets for others

• directorsThose who lead organizations
• chairpersonOne who leads meetings
• fiduciaryAgent bound by loyalty

bylaws · quorum · resolution · proxy · shareholder · stakeholder · voting · term limits · nomination · appointment

agenda

Formal discussion list

• minutesSixty-second intervals
• conveneFormally gather together
• adjournTemporarily halt proceedings

attendance · conference call · annual general meeting · deliberation · motion · second · unanimous · dissent · abstain · ratify

vision

Ability to see

• planningArranging for future events
• directionWay something faces
• policy-makingFormulating official guidelines

decision-making · long-term · growth · acquisition · merger · divestiture · expansion · capital allocation · business model · competitive advantage

audit

Formal accounts examination

• complianceAdhering to requirements
• accountabilityObligation for one's actions
• monitoringOngoing observation of something

due diligence · risk management · internal controls · ethics · transparency · scrutiny · fiduciary duty · whistleblower · disclosure · regulatory

committee

Appointed group for duties

• subcommitteeSubset of larger panel
• executive committeeOrganization's top decision-makers
• nominating committeeBody proposing candidates for positions

two-tier · diversity · chairman · vice chairman

• Governance Bodiestrustees, executive committees, steering committees, advisory councils
• business termsfranchising, revenue stream, gross margin, markdown, subsidiary
• corporatecorporation, CEO, office, CFO, cubicle
• managementmanagers, management, executives, boss, supervisors
• executivesCEO, CFO, COO, CIO, CTO
• governing bodiesgoverning body, governing council, senate, parliament, executive committee