Here's what I found on Google.
Director or Member of the Board of Directors - a high level official with a fiduciary responsibility of overseeing the operation of a corporation and elects or removes officers of a corporation; nominally, Directors, other than the Chairman are usually not considered to be employees of the company per se, although they may receive compensation, often including benefits; in publicly-held companies, the Board of Directors is normally made up of members (Directors) who are comprised of a mixture of corporate officials who are also management employees of the company (inside directors) and members who are not employed by the company in any capacity (outside directors or non-executive directors). In privately held companies, the Board of Directors often only consists of the statuatory corporate officials, and in sole proprietorships and partnerships, the board is entirely optional, and if it does exist, only operates in an advisory capacity to the owner or partners. Non-profit corporations are governed by a Board of Trustees instead of a Board of Directors
2006-07-14 12:30:54
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answer #1
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answered by tammette39 3
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They don't hold seats. Directors are usually made up of local businessmen and politicians and maybe a few employees of the company (or institution, i.e., university) itself. The only real seat/title is chairman. The attending secretary is not actually a board member but serves the board. There are no title in a board of directors though the members may be CEOs, CFOs, COOs, etc. of other companies (or institutions).
2006-07-14 12:32:37
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answer #2
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answered by diesel_pusher2 3
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Usually, there are between 9 and 15 directors.
There is a Chairman of the Board - usually, but not always, the president of the company.
Aside from that, there are no board positions with formal titles (i.e. secretary, under-secretary, etc). But, each director serves on a committee, which meets outside of the regular board meetings. One of these committee members is chairman of that committee. Typical committees include Audit (ensure accurate financial reporting/monitoring), Compensation (sets the compensation strategy for the firm, including compensation of all senior managers up to the CEO), Risk (mitigates exposure to lawsuits, currency exchange, and other unknown variables), Governance (sets the rules for committee and board meetings), and Nominations (votes on promotions to senior positions within the company, and assigns committee membership to the board of directors).
A director usually sits on more than one committee. So, a director may be Chairman of the Audit Committee and a member of the Governance Committee, etc... His formal title is Director, but below his name would be a list of his committees he chairs / sits on.
2006-07-14 12:35:02
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answer #3
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answered by Anonymous
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There is a chairman of the board. Some of the board members are probably company employees, and others are not. There may or may not be various committees such as the audit committee and the salary committee; these would be board members that are not company employees. There is also a secretary to the board, often a lawyer, who may or may not be a board member.
2006-07-14 12:31:02
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answer #4
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answered by fcas80 7
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As mentioned by others....Chairman, vice-chairman, treasurer, secretary, and director..additionally Sarbanes-Oxley requires an audit committee made up of "independent" directors. One board member will typically have chairman of audit committee in his title in addition to director. Some companies may also have a ethics committee or director and potentially other special interest type board seats depending on their non-financial goals.
2006-07-14 20:05:05
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answer #5
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answered by MagicalMke 4
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Ceo/Chairman, Treasurer, Secretary
2006-07-14 12:41:02
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answer #6
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answered by sadie_oyes 7
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Evelyn de Rothschild. he's not the Secretary of Treasury, yet he controls what the Secretary of Treasury can do, in turn...he does not have the money...he, and his kin, is the money
2016-11-02 02:03:38
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answer #7
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answered by ? 4
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