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In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee ( operating committee or executive council ), composed of the CEO and their direct reports ( other C-level officers, division / subsidiary heads ).

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In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee or executive council, composed of the division / subsidiary heads and C-level officers that report directly to the CEO.

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In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee ( the division / subsidiary heads and C-level officers that report directly to the CEO ).

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In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the management / executive board may often be known as the executive committee or executive council, composed of the division / subsidiary heads and C-level officers that report directly to the CEO.

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