Company Policy

Board of Directors
A Board of Directors is a group of individuals elected by the stockholders of a company to set corporate policies and appoint the chief executives and operating officers. They meet several times a year and are compensated for their services.
Guide
A document or tool offering instructions, regulations, and procedures to follow when performing a specific task or series of tasks. Guides help standardize actions and ensure effective execution of processes.
Internal Check
An internal check is a set of company policies and procedures designed to safeguard property from theft and damage. This includes measures such as the use of locked fences to secure outdoor property.

Accounting Terms Lexicon

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