board of trustees

noun
an appointed or elective board that supervises the affairs of a public or private organization: the board of trustees of the university; the art museum's board of trustees.

Origin:
1800–10

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
The theater's board of trustees has formed a committee to select new top
  leadership for the theater.
He is also chairman of the executive committee of its board of trustees.
As the family has grown, so has the board of trustees and the scope of the
  grants.
They installed a new board of trustees who brought in the new, moderate imam.
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