Exploring Board of Directors: Functions, Types, and Roles When it comes to the governance of an organization or company, the board of directors plays a crucial role. The board of directors is responsible for making important decisions, ensuring compliance with regulations, and providing strategic guidance. In this article, we will explore the functions, types, and roles of the board of directors in detail. 1. Functions of the Board of Directors The board of directors performs several key functions that are essential for the success and growth of an organization. These functions include: Setting the strategic direction: The board of directors is responsible for setting the overall strategic direction of the…