<P> The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers of the National Football League (NFL). The Packers have been a publicly owned, non-profit corporation since August 18, 1923 . The corporation currently has 360,760 stockholders, who collectively own 5,011,558 shares of stock after the last stock sale of 2011--2012 . There have been five stock sales, in 1923, 1935, 1950, 1997, and 2011 . Shares in 1923 sold for $5 apiece, while in 1997 they were sold at $200 each and in 2011, $250 each . </P> <P> The NFL does not allow corporate ownership . Instead, it requires clubs to be wholly owned either by a single owner, or small group of owners, and requires that at least one owner owns a 1 / 3 stake in the team . The Packers are granted an exemption to this rule, as they have been a publicly owned corporation since before the rule was in place . The corporation is governed by a seven - member Executive Committee, elected from among the board of directors . The committee directs corporate management, approves major capital expenditures, establishes board policy and monitors management's performance in conducting the business and affairs of the corporation . </P>

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