A CRMA governance term for the administrative or supervisory body responsible for supervising executive management, or equivalent functions.
Board of directors is a governance responsibility term in the CRMA vocabulary. It identifies the corporate body or equivalent persons connected to oversight of executive management, rather than naming every manager, shareholder, project promoter, buyer, or operator in a raw-materials value chain.
The EU Critical Raw Materials Act defines board of directors in Article 2, point 31. The definition is functional: where a formal board does not exist, equivalent supervisory functions can still matter.
Regulation (EU) 2024/1252 establishing a framework for ensuring a secure and sustainable supply of critical raw materials
the administrative or supervisory body responsible for supervising the executive management of the company, or, if no such body exists, the person or persons performing equivalent functions
CRMA Article 2 source-specific definition layer.
Reference: Article 2, point 31
Implementation records should capture the company identifier, supervisory body, equivalent-function record, oversight responsibility, governance document, executive-management boundary, decision date, and relationship to CRMA risk or supply-chain obligations.
Board of directors is a governance-oversight control: the evidence consequence is that CRMA responsibility can be mapped to supervisory or equivalent functions without confusing the board with the project promoter, operator, offtaker, or certification body.