Dialogue one

F:  So tell me what's the difference between the board of directors,  the CEO and the stockholders,  they all seem to be the same group of people to me. 

M:  No,  there is definitely difference,  you know,  the stockholders are the people who own the company,  they're the financially contral systems,  then there is the CEO,  the chief executive officer,  he is the hot shy,  the main guy who is the boss,  if there is only one person with absolute power of organization,  everyone knows that the power would go to their head,  it's too dangerous! That's the reason for board of directors,  the board is made up of people who are experts in the industry,  they could be related

to the organization,  but more commonly,  they are independent and non- buyers. 

F:  How many people are on the board of directors?

M:  Usually not more than fifteen,  not less than ten,  they meet monthly,  quarterly or by annually to oversee the organization or company,  they provide long term planning and vision,  and also act as more a watch dog to keep the company in line.