A plank of directors is a population group elected by shareholders for the reason that fiduciaries to represent them. They are responsible for total policy decisions and provider oversight. Boards typically decide whether to pay a dividend and how much, what stock options receive to staff and how uppr management is hired/fired. They are also incurred with making sure the company is usually doing well and providing a decent revenue. They do this by simply meeting on a regular basis to create plans and oversee the company. It is vital that the aboard be made up of people who are able to take the big picture into mind. Boards are often 8 ~ 12 people in size. Normally they will have to agree on all kinds of things and will only be able to do really big things (like sell the company) with full authorization from the basic body of shareholders.
The most important thing that shareholders can do to aid protect their interests is to vote each and every annual general meeting of shareholders. They may receive a boule from the company, generally via their broker, with a list of candidates for the board www.boardroomdirect.org/what-does-it-mean-to-be-a-shareholder-in-a-private-company and other items that will be the best performer on.
It is also essential that administrators take all their fiduciary tasks toward shareowners seriously. This includes their work of faithfulness and their duty of care and attention. These duties require directors to place the hobbies of the business and its shareholders ahead of their own personal interest and act in a manner that is like law.