Board of Governors
Definition of 'Board of Governors'A board of governors is a several-member group that oversees or manages the running of an institution. The U.S. Postal Service, the BBC, the World Bank, and numerous colleges and universities all have boards of governors.In the financial world, the best known board of governors is that of the Federal Reserve. It is a federal government agency with seven members, appointed by the president and confirmed by the senate, along with 1,800 in staff. |
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Investopedia explains 'Board of Governors'The Federal Reserve board analyzes domestic and international economic developments, supervises and regulates the operations of the Federal Reserve Banks, has responsibility forMembers of the board frequently testify before congressional committees on the economy, monetary policy, banking supervision and regulation, consumer credit protection, and financial markets. |
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