取締役会
torishimariyakkaiA corporate governing body composed of directors responsible for overseeing management and making major decisions on behalf of shareholders.
取締役会は会社の戦略方針を決定する重要な役割を果たす。
The board of directors plays a crucial role in determining the company's strategic direction.
In Japan, the board of directors (取締役会) typically has more authority than in some Western countries, where boards may be more advisory.
The collective body of directors who represent shareholders and oversee corporate governance.
取締役会は株主総会で報告書を提出し、経営陣の活動を説明した。
The board of directors submitted a report at the shareholders' meeting and explained the management's activities.
The board of directors is legally required in Japanese corporations under the Companies Act.
Related Phrases
💡Pro Tip
Board Composition
Japanese boards often include both internal directors (社内取締役) and external directors (社外取締役), with the latter providing independent oversight.
⚡Gold Rule
Legal Authority
The board of directors in Japan has significant legal authority, including the power to appoint and dismiss executives.
📖Word Origin
Composed of 取締 (torishimari, meaning 'supervision' or 'management') and 役会 (yakkai, meaning 'board of directors'). The term reflects the board's role in overseeing corporate operations.
📝Usage Notes
In Japanese corporate governance, the board of directors (取締役会) is distinct from the executive officers (役員) who handle day-to-day operations. The board is responsible for major decisions, while executives manage operations.