Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
board of directors.
1. The governing body of a corporation, elected by the shareholders to establish corporate policy, appoint executive officers, and make major business and financial decisions. - Also termed (esp. in charitable organizations) board of trustees. See DIRECTOR.
staggered board of directors.
A board of directors in which a fraction of the board is elected each year to serve for two or three years 2. The governing body of a partnership, association, or other unincorporated group. - Also termed board of trustees.