Here's some quotes, you decide what they mean....
Russell was said to have "revived the great truths taught by Jesus and the apostles." (see Jehovah's Witnesses in the Divine Purpose, p. 17)
Christian elders govern by using their "abilities to direct" (Greek ky-ber-NE seis) in providing leadership and guidance in local congregations. (1 Corinthians 12:28) But the apostles and other elders in Jerusalem served as a body to give guidance and counsel to all the congregations. (Acts 15:1,2,27-29) Today, therefore, a governing body of elders provides spiritual oversight for Jehovah's Witnesses worldwide.
(Watchtower; December 15, 1989; p. 21)
Confident of the loyalty of his faithful creatures, Jehovah delegates authority. So does his Son. From among his anointed followers, "the faithful and discreet slave," he has chosen a few to serve as a visible governing body. (Matthew 24:45) In the first century, this group was composed of the apostles and several older men in Jerusalem.
(Watchtower; Jan. 15, 1990; p. 26)
They have a modern Governing Body of older Christian men from various parts of the earth who give needed oversight to the worldwide activities of God's people. these men, like the apostles and older men in Jerusalem in the first century, are anointed members of the faithful and discreet slave class designated by Jesus to care for all of his Kingdom interests here upon earth. History has proved that they can be trusted to follow the direction of the holy spirit and that they do not rely on human wisdom in teaching the flock of God the ways of genuine peace.
(The Watchtower; Dec. 15, 1989; p. 6)
"However, all person who have love for the truth are invited to examine this claim that Jehovah's Witnesses really do have the truth. In doing so, they should imitate what those persons in the first century did who listened to the preaching of the apostles: They received the word with the great eagerness of mind, carefully examining the Scriptures daily as to whether these things were so."
(Watchtower July 1, 1979, p. 25)
WT June 1, 82:
"Today, a remnant of this 'faithful slave' is still alive on earth. They occupy a position similar to that of Paul...when that apostle said of the wonderful truths...:"It is to us God has revealed them through his spirit."
WT 15/01/94, p. 16
In the past, Jehovah ruled and revealed truths through individuals, such as prophets, kings and apostles. Jesus said that during his royal presence, he would identify a faithful body of followers, a 'faithful and discreet slave'. In 1919 this slave was identified as the remnant of anointed Christians. Since then, as represented by the Governing Body of Jehovah's Witnesses, it has been the center of theocracy on earth.