The best replacement for board of directors is board of trustees.

The best alternatives to board of directors are rated as following:
★★★★★  board of trustees
★★★  advisory board
★★★  officers
★★  ceo
★★  board of advisors
★★  shareholders
★  executive committee
★  executive board
★  trustees
★  members
★  board of governors
★  board of directors
★  steering committee
  executive officers
  executive director
  management team
  board of managers
  committee
  supervisory board

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