Define: Statutory Board
Statutory Board means a group directed by law overseeing an entity, excluding a Ministry or Government Department.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Statutory Board means a group directed by law overseeing an entity, excluding a Ministry or Government Department.
Relevant Circumstances
- Forming a venture between government and private entities
- Establishing or restructuring a board for an entity
- Drafting agreements where a statutory board oversees the implementation, regulation, or compliance.
Relevant Sectors
- Public Administration
- Non-Profit Organizations
- Healthcare