A Board of Members refers to a collective group within an organization, typically composed of individuals who are elected or appointed to oversee the organization’s strategic direction, governance, and policy-making. This body sets long-term goals, approves plans and budgets, and ensures organizational adherence to its mission and legal requirements. Different from a Board of Directors, "Board of Members" can be used in specific organizational contexts where the board is composed entirely of members from within the organization, such as in some cooperatives, membership organizations, or clubs. The term might emphasize that the directors are also members of the organization, highlighting their dual roles as both members and directors, or it may refer to a governing body in a less formal or less structured setting than what is typically governed by a board of directors.