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Bujumbura Rural Travel on UNIVERSITY OF WISCONSIN, OSHKOSH board of directors ACTING AS A GROUP, a board of directors collectively governs a corporation. The number of directors is set forth in a corporation’s articles of incorporation, or the corporate bylaws, and may be subject to statutory limitations. Most directors serve for a term of one year, but many state statutes allow directors to serve for more than one year or stagger their terms. Shareholders of the company elect the members who serve on the board. A director may be removed for cause, that is, for failing to perform a required duty. Generally, there is no statutory requirement concerning a director’s qualifications. A few states do impose a minimum age or residency requirement. Bujumbura Rural Travel 2016.