inside director

(redirected from Inside Directors)

Inside Director

A member of the board of directors who is either employed by the company or is a major shareholder. Inside directors exist to represent the interests of stakeholders in the company. See also: Outside director.

inside director

A member of a firm's board of directors who is also employed in another capacity by that firm. An example is a chief executive officer who also sits on the board. Compare outside director.
References in periodicals archive ?
Inside directors are seen to have expert firm-specific knowledge and are perceived to be innovative and insightful with regard to directing firm strategy.
Another problem in having inside directors, which is often glossed over, is the fact that some managers are serving on the board and their peers are not.
PrivateBancorp also said that its chief operating officer, John B Williams, and Richard Jensen, who is chairman and CEO of the PrivateBancorp, St Louis subsidiary, have stepped down from their roles as inside directors at the parent company.
Adding White to PepsiCo's board increases the group to 15 members: 12 independent directors and 3 inside directors - Steve Reinemund, Indra Nooyi, PepsiCo President & CFO, and Mike White.
Similarly, having some inside directors who know the business can help inform the outside directors by reducing the filtering of knowledge through the CEO.
Limits of liability, which are available up to $25 million, are not shared with inside directors and officers or the corporate entity.
Charges were filed against 29 public companies, 19 CEOs, 19 CFOs, 16 inside directors and 1 outside director.
Inside directors include employees, retired employees, or members of their immediate families.
At the request of the attorney general's office, Operation Blessing has adopted new procedures to prevent misuse of its resources, including a ban on transactions with inside directors or their businesses.
There will be equal representation on the board which will comprise eight inside directors and six independent directors.
But two sour notes marred this upbeat news: The rate of increase of female directors has declined, and only 11 of the 1,216 inside directors at Fortune 500 companies are women, five of whom are related to the chief executive or the controlling family.