

The original was posted on /r/explainlikeimfive by /u/smarty_skirts on 2023-10-02 20:38:49.
Original Title: eli5: How do corporate Boards of Directors work? What is their function? Do they get a salary? Isn’t there a conflict of interest if a CEO of one company is on the board of another company? Do all companies have them? If not, which companies have them and why?
Meta: can this bot at least please link to Reddit properly if it’s going to spam these reposts