Committee is for a specific purpose and stands disolved after the completion of that purpose/goal or objective. For example the reception committe at a gala or function. Whereas the board is of a more permanent nature and functions for a much longer period of time and is hence contituted for projects which have a much longer duration or are ongoing in nature. For example the wages board or the board of a school etc.
There really is no difference, they are interchangeable terms. Either entity includes the officers and other members who have usually been elected by a larger Board of Directors to oversee the performance of the organization's management and to suggest policy changes to the Board of Directors.
Board directors and board members may sit on the same board. However, members do not have a power of veto, and the board of directors does.
A nominating committee is appointed by the board of directors to research and propose prospective members to the full board when there is a vacancy on the board of directors. No prospective board members shall be proposed unless approved by the nominating committee.
The management board controls and monitors the company's management and performance. The management and performance goals have been set by the board of directors.
It is correct to say "on the board of directors." The preposition "on" is commonly used to indicate membership or participation in a group or committee, such as a board. Saying "in the board" is less common and may sound awkward in this context.
audit committee is part of board, and it showcases the audit observations and present it to board. board comprises of external directors so a fair and transparency is ensured.
"Board" and "Committee" are both widely used "generic" words for a group of people who come together for a specific reason. So far as I know, there is no legal distinction between them.
The sentence contains no collective nouns. A collective noun is a function of a noun, not a characteristic inherent in a noun. The noun committee and the noun board are often used as collective nouns (a committee of members and a board of directors), but not in this sentence.
The collective noun for directors is a board of directors.
The directors make more money.
In Indonesia, instead of a Board of Directors, they have a Board of Commissioners, where the CHairman id called the President COmmissioner. To clarify, the Indonesian Board of Directors consitiutes the Senior Management Committee, with CEO/Managing-Director called the President Director.
The Packers corporation is governed by an executive committee, whose members are chosen from the board of directors. The board is elected by the shareholders.