outside director

outside director
In the USA, a person who is a member of the board of directors of a company but is not an employee of the company and has no executive responsibilities. Such directors are appointed because they offer either wide business experience or specialist knowledge not available from the executive directors

Accounting dictionary. 2014.

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  • outside director — out·side director n: a corporate director who is neither an employee nor an officer Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • outside director — A director of a company who is not an employee of that company and brings in outside experience to help make board decisions. Bloomberg Financial Dictionary * * * outside director outside director ➔ director * * * outside director UK US noun [C]… …   Financial and business terms

  • Outside Director — Any member of a company s board of directors who is not an employee or stakeholder in the company. Outside directors are paid an annual retainer fee in the form of cash, benefits and/or stock options. Corporate governance standards require public …   Investment dictionary

  • outside director — /ˌaυtsaɪd daɪ rektə/ noun a director who is not employed by the company, a non executive director …   Marketing dictionary in english

  • outside director — /ˌaυtsaɪd daɪ rektə/ noun a director who is not employed by the company, a non executive director …   Dictionary of banking and finance

  • Outside director — A member of an organization’s *board of directors who is not an employee of the organization. Outside directors are expected to bring to a board of directors an independent perspective of performance and standards of conduct, and to share best… …   Auditor's dictionary

  • outside director — A US term for a non executive director …   Big dictionary of business and management

  • Independent Outside Director — A member of a company s board of directors who was brought in from outside the company. Because an independent outside director has not worked with the company for a period of time (typically for at least the previous year), he or she is not an… …   Investment dictionary

  • director — See: Board of Directors. Bloomberg Financial Dictionary * * * director di‧rec‧tor [dˈrektə, daɪ ǁ ər] also ˌcompany diˈrector noun [countable] 1. JOBS one of the committee of top managers who control a company: • The board of directors are… …   Financial and business terms

  • outside — To the exterior of; without; outward from @ outside director A member of a corporate board of directors who is not an employee or company officer and does not participate in the corporation s day to day management. Outside directors, however, may …   Black's law dictionary

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