foundation board
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foundation board
The highest supervisory or administrative body of a foundation. The foundation board oversees management and decides on the strategic direction of the foundation.
Der Stiftungsrat hat über die Vergabe der Fördermittel für das kommende Jahr entschieden.
The foundation board decided on the allocation of funding for the coming year.
The word is made up of 'die Stiftung' (foundation) and 'der Rat' (council/board). Here, 'Rat' does not mean 'advice', but rather 'committee' or 'assembly', similar to 'Stadtrat' (city council).
Der Stiftungsrat besteht aus fünf Mitgliedern.
The foundation board consists of five members.
A 'Stiftungsrat' (foundation board) can 'tagen' (meet), 'beschließen' (decide/pass a resolution), or 'genehmigen' (approve) something. People can 'in den Stiftungsrat berufen werden' (be appointed to the foundation board) or 'Mitglied des Stiftungsrates sein' (be a member of the foundation board).
Der Stiftungsrat tagt zweimal im Jahr, um die Strategie zu besprechen.
The foundation board meets twice a year to discuss the strategy.
A genitive is often used to indicate which organization the foundation board belongs to. The structure is then: 'der Stiftungsrat der [Name der Stiftung]' (the foundation board of [name of the foundation]).
Der Stiftungsrat der Kulturstiftung hat neue Projekte genehmigt.
The foundation board of the cultural foundation approved new projects.
board of directors
Verwaltungsrat and Stiftungsrat can both lead an organization and supervise its management. Stiftungsrat specifically refers to the highest governing body of a foundation. Verwaltungsrat is more general and is used especially for companies and in certain countries and organizational structures.
Der Stiftungsrat entscheidet über die strategische Ausrichtung der Stiftung.
The foundation board decides on the strategic direction of the foundation.
Der Verwaltungsrat entscheidet über die strategische Ausrichtung des Schweizer Unternehmens.
The board of directors decides on the strategic direction of the Swiss company.
