Outside director


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 practices observed in other organizations.

Auditor's dictionary. 2014.

Look at other dictionaries:

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

  • 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 …   Accounting dictionary

  • 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