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Alternate Director
(redirected from Alternate Directors)

   Also found in: Wikipedia 0.01 sec.
Alternate Director
A temporary delegate for a member of a board of directors who stands in during his/her absence.. While laws vary, in most jurisdictions, the alternate director has the same rights and responsibilities as the member he/she represents.


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Relying mainly on such strategies as ousting directors or nominating alternate directors can affect only a few corporate outliers at best.
Maryland, the District of Columbia, Virginia, and the federal government appoint two voting and two alternate directors each.
Should the existing board resist Biglari's proposed changes, we'd not be surprised by a second proxy fight in 2008 running a second set of alternate directors.
 
 
 
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