It records new board members (9)
I believe the answer is:
directors
'board members' is the definition.
(I've seen this before)
'it records new' is the wordplay.
'new' indicates anagramming the letters.
'it'+'records'='itrecords'
'itrecords' with letters rearranged gives 'DIRECTORS'.
(Other definitions for directors that I've seen before include "Those managing" , "they lead the way" , "who make cuts" , "Businessmen" , "Board members" .)