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A seat on the board of directors of a company or other organization. A directorship allows one to have a direct say in a company's policies, particularly regarding dividend payments, the hiring and firing of major executives, and so forth. One receives a directorship as the result of a shareholder vote. Generally speaking, directors are nominated on the basis of whom they intend to represent, whether that be management, a particular block of shareholders, or even the company's employees.


A member of a firm's board of directors. A director also may hold a management position within the firm. See also inside director, outside director.


an official of A JOINT-STOCK COMPANY elected by the SHAREHOLDERS at the company's ANNUAL GENERAL MEETING and charged with certain powers and responsibilities to run the company on behalf of the shareholders. Each company will have a number of directors who constitute the BOARD OF DIRECTORS and the directors will meet regularly to determine company policy. The board generally elects one of their number to act as chairman of the BOARD OF DIRECTORS and may also elect one of their number to serve as managing director with responsibility for the day to day management of the company. Some directors will be executive directors and will hold senior salaried management posts in the company; others may be non-executive directors who are not primarily employed by the company but may be bankers or executives employed by other companies, contributing their expertise at board meetings in return for directors' fees. See CORPORATE GOVERNANCE.
References in classic literature ?
The place, he assured us, is no other than the crater of a half-extinct volcano, in which the directors had caused forges to be set up for the manufacture of railroad iron.
Our reserve of bullion is much larger at present than is usually kept in a single branch office, and the directors have had misgivings upon the subject.
As soon as the play was over, the Director went to the kitchen, where a fine big lamb was slowly turning on the spit.
Trail (now my Lord Bishop of Ealing) on her ladyship's director, Father Mole, over their wine, and in pitting Oxford against St.
On the deck the director touched his cap to the two agents, who stood on the bank waving their hats, and turning to an old servant of the Company on his passage to headquarters, said, "Look at those two imbeciles.
But it was still far from being the SYSTEM that Vail had dreamed of in his younger days; and so, when the directors put before him his unfinished plan, he surrendered.
As the day for the opening of the Exposition drew near, the Board of Directors began preparing the programme for the opening exercises.
Sprague, the two other surgeons, and several of the directors had arrived early; Mr.
As it is, I shall lay it before the directors to-day, and I am sure that they will be proud to have you in our employment, and, I hope, in some more suitable position than that which you suggest.
On the eighteenth the directors meet, and, instead of the customary dividend, a double dividend will be declared.
In the face of such a pecuniary emergency as this, the Directors thought it desirable to consider their position.
THE Cashier of a bank having defaulted was asked by the Directors what he had done with the money taken.

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