baord
An organisation, body or person , that due to loop holes in thelaws of the land or its commercial
sector/industry , is abovenormal regulation that is applied to similar organisations.Readers will note baord is very similar to Board - meaning agroup of people managing an authority/company or publicutility.
This is important since these structures are part of an established
framework and one never expects that the legislators can havemissed out including legislation to cover ALL factors, all in aparticular industry or sector.