Boards and business governance
How board responsibilities, approvals, and oversight work.
Other types of business help
Board responsibilities
Business governance sets out how the company is directed, supervised, and held accountable. A board, owners, and executives can have different responsibilities.
The actual duties and powers depend on the company, its governing documents, and applicable law. Ask qualified legal counsel to confirm them; a title alone is not enough.
Approvals and voting
Check which decisions need board approval, shareholder consent, or another person’s agreement before a major commitment.
Make the proposal, relevant information, voting rights, and record of the decision clear. Do not assume an informal advisor has the same authority as a director.
Oversight and daily management
Agree what the board oversees and what management runs. A new director does not automatically fill a missing operational role.
If you need someone to run finance, sales, or operations, assess that leadership requirement separately from the board’s responsibilities.
Compare types of help
Each comparison clarifies what a board can do and what a board cannot.
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