Legal Definitions - board of governors

A board of governors is a group of individuals who are responsible for overseeing the management and operations of an organization. This can refer to a variety of organizations, including businesses, non-profits, and government agencies.

• Board of Directors: A company's board of directors is a type of board of governors. They are responsible for making major decisions about the company's direction and strategy.
• Federal Reserve Board of Governors: The Federal Reserve Board of Governors is a specific example of a board of governors. They are responsible for overseeing the operations of the Federal Reserve System, which is the central banking system of the United States.

These examples illustrate how a board of governors can have different responsibilities depending on the organization they oversee. In both cases, however, the board of governors is responsible for making important decisions and ensuring that the organization is operating effectively.