A group of people who are responsible for making rules, or Financial decision.
The group of individuals that has overall responsibility for the management of an organization.
It is based on Government.
Board of trustees can often be used:
Board of directors
Board of governors
Board of regents.
The framework for the board of trustees is typically set by regulatory obligations and entity direction outlined in an organization’s bylaws.
A board of trustees can range from three to 30 individuals.