Board of directors

group of administrators, head council

In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. A director may be an inside director (a director who is also an officer or promoter or both) or an outside, or independent, director. The directors collectively are referred to as a board of directors. Sometimes the board will appoint one of its members to be the chair of the board of directors.
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Noun
1. a group of persons chosen to govern the affairs of a corporation or other large institution
(synonym) directorate
(hypernym) board
(hyponym) staggered board of directors
(member-holonym) management

Individuals elected by the shareholders of a corporation who carry out certain tasks laid out in the charter.