noun
company with a board of directors
A legal term under Japanese corporate law; refers to a stock company that has established a board of directors.
取締役会設置会社は、取締役会を置かなければならない。
A company with a board of directors must establish a board of directors.
Compound of 取締役会 (board of directors) + 設置 (establishment) + 会社 (company). A modern legal term defined in the Companies Act of Japan.