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In the days when policies, were developed and authorised they used a system of wax seal which told the reader the document had been read and agreed at the highest level (often by a countries head). As company systems developed the board of the company would have to agree a policy, procedure or process. They would stamp the document, normally in red ink to stand out. The stamp would have the words Authorised, Approved etc and the Stamp would also have the world (as an example) Authorised by: so that the person can sign next to this and the word Date where the authorising person would put in the date the document became authorised. This formalised the processes. In normal companies the each board member would be allowed a level they could "sign off " if it the document was classed as a high level document then the CEO would be the the person to "rubber stamp" it. The phrase is also is used to refer to a person in authority giving the go ahead for something to happen.

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Q: What is rubber stamp board of director?
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