It is the administrative body responsible for overseeing the organization’s strategic direction, policies and overall performance. Usually composed of experienced professionals, it ensures that the organization operates efficiently, ethically, and complies with legal and regulatory requirements. The board sets long-term goals, approves the budget, monitors progress, and evaluates the performance of the executive team or management. It acts as a bridge between stakeholders and management, ensuring transparency and accountability. In addition to decision-making, the board provides guidance, expertise and risk management strategies. Its role is crucial in maintaining organizational integrity and achieving sustainable growth.