Board of Directors

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Part of the series on
Corporations
Corporate Players

Board of Directors
Officers
Shareholders

Business Forms

Sole Proprietorship
Partnership
Closely-Held Corp.
Corporation

Economic Concepts

Agency Cost
Mergers & Acquisitions
Transaction Cost
Horizontal Integration
Vertical Integration

The board of directors is a unit composed of shareholders in a corporation, who direct and oversee the operation of the business, ensuring its continued, long-term profitability.