A person elected by shareholders to serve on the Board of Directors. The directors appoint the president, vice president and all other operating officers, and decide when dividends should be paid. They also are responsible for: governing the organization by establishing board policies and objectives; selecting, appointing, supporting and reviewing the performance of the chief executive; ensuring the availability of adequate financial resources; approving annual budgets; accounting to the stakeholders for the organization's performance; setting the salaries and compensation of company management.