What is another name for the Board of Directors?

• A. Advisory Panel
• B. Board of Trustees
• C. Executive Committee
• D. Management Board

Answer: (B)

The governing body that oversees an organization’s direction and protects its assets is the board that sets policy, approves strategy, and watches over leadership. In many nonprofit settings, this role is called the Board of Trustees, which functions the same way as a Board of Directors in a corporate context. The trustees owe fiduciary duties to the organization and its stakeholders, making sure resources are used wisely and goals are met.

An advisory panel only provides guidance without formal governance, so it doesn’t fulfill the governance role. An executive committee is a subset of the board with delegated authority, not the full governing body. A management board is focused on daily operations rather than strategic oversight. So the term that best aligns with the Board of Directors in many organizations, especially nonprofits like hospitals, is the Board of Trustees.