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https://boardroomnyc.com/10-facts-you-should-know-about-board-meetings

A board of directors supervises and advises an organisation, is completely independent of the management and makes the decisions that aid the company’s growth. It ensures that the company is operating in accordance with law and in the best interests of employees, investors and other stakeholders. Board members should have diverse capabilities and experience, and work to create a work environment that is transparent and trustworthy.

The composition, size and members vary according to the type of business entity, whether it is publicly traded (a public company) or not publicly traded (private or limited) or owned by family members or employees (family or employee-owned) or tax-exempt (a charity or a nonprofit). The governance of each board is governed by its own set of rules, which may be set out in its articles of incorporation or other bylaws.

The primary responsibility of the board is to fulfill three essential obligations.

A well-rounded board has members with a range of backgrounds and experiences. They are experts in their field but are also generalists who are able to observe things from a helicopter’s view. They are not afraid to ask difficult questions and challenge the assumptions of management. The best boards encourage diversity and encourage communication, collaboration and trust.