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E-M:/ Board of Directors vs. Steering Committee

Perhaps someone out there can answer this.
I'm on the steering committee of a local environmental organization, FOLK (Friends of the Land of Keweenaw).  The organization started around 1990 as a response to a proposed paper mill on Keweenaw Bay.  We began by establishing a steering committee, but no board of directors.  In reviewing our bylaws recently, the question came up as to whether we would be better off with a board of directors instead.  Does anyone know the practical or legal differences between the two?

Doug Welker
26344 Tauriainen Road
Pelkie MI 49958
(906) 338-2680