Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced the appointment of David Schellhase and ...

The Obama Foundation welcomed Ford Foundation president Darren Walker to its board of directors on Monday, where he will ...

GALECA has announced that Diane Anderson-Minshall has been named Executive Director alongside a new board of directors.

Matt Dolan, CEO of Team NEO, said in a statement that the four new board members were chosen "not only for their proven ...

Following a lengthy discussion, the Keystone Central School District Board of Directors voted down updates to the student ...

The discussion about cellphone use by students in schools dominated a large portion of the Keystone Central School District ...

Planetree International Development Limited ( ($HK:0613) ) just unveiled an announcement. Planetree International Development Limited has ...

In summary, pursuing board of directors positions can be an exciting new avenue for executives wanting to leverage their experience in helping other organizations achieve their goals.

If the worst happens and the company goes under, bankruptcy law determines what happens to the board. Under Chapter 7 bankruptcy the company goes out of business and the directors are out of a job.

However, by working in relative isolation, it’s easy to make costly mistakes. Having a board of directors can prevent the company from making these errors while uncovering new opportunities.

A company's board of directors serves as its governing body and fiduciary, setting strategies and objectives, advising executives, and maintaining relations with shareholders.