Final answer:
Board members of a company consist of elected or appointed individuals who oversee the management of the organization and make decisions on behalf of the shareholders.
Step-by-step explanation:
The board members of a company consist of individuals who are elected or appointed to oversee the management of the organization and make decisions on behalf of the shareholders. The composition of the board can vary depending on the company, but typically includes a mix of internal and external directors.
Internal directors are usually executives or leaders within the company, while external directors are individuals with expertise and experience in relevant fields who are not directly involved in the day-to-day operations of the company.
Board members are typically responsible for setting the company's strategic direction, making major decisions, and ensuring that the company operates in the best interests of its shareholders.