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To: Pareto who wrote (24975)2/12/2001 7:51:20 PM
From: KLP  Respond to of 28311
 
And more on BoD responsibilities to shareholders....http://www.fool.com/school/Glossary/glossary.htm

Board of directors
A group of people elected by a corporation's shareholders to oversee the management of the company. The board members meet several times each year, are paid in cash and/or stock, and take on legal responsibility for corporate activities. Also called directorate.

fool.com
Article on management and BOD of Mattel - Feb 2000