The Board of Directors were a group of ancient ghosts who engineered the founding of Orpheus Group in order to further their own inscrutable agendas. Evidence suggests that at some point, this agenda at least included fighting the entity known as "Grandmother" and preventing the Second Deluge. However, the members of the board were a fractious, paranoid, and self-absorbed lot, and their plans often were lost amidst internal dissent and politicking.
The original Board of Directors were known for intense secrecy, even from their own employees, and an unwillingness to enter conflict with any mortal organizations. Only after a violent clash with NextWorld Enterprises, during which their liaison and chief representative Kate Hennisson was kidnapped, did the Board authorize open confrontation with their rivals. Afterwards, however, certain members of the Board of Directors enacted a coup of sorts, wresting control from the more confrontational faction and refocusing the company's efforts toward a more "service-oriented" mission. Kate Hennisson was fired, and Tad Eccles took her place as Deputy Director of Field Operations and liaison to the Board.
The new management style was characterized by an emphasize of profit over ethics and a refusal to enter conflicts with Orpheus Group's traditional enemies. Eventually it was revealed that this detente was in fact a deliberate collusion to allow the pigment trade to entrench itself more firmly in the City. Hennisson and several loyal Agents staged a counter-coup, and control of the company was handed back to the original Board.
The Board of Directors were hunted down and devoured by the albino shortly after the destruction of Orpheus Group Headquarters. According to the albino, the Board had long been compromised by the creature known as the Man in the White Suit, who had turned the factions against each other and kept them paralyzed with in-fighting while their enemies laid their plans.