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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Under proposed regulations, lawyers "practicing before the Securities and Exchange Commission" are now required to report possible misdeeds by company officers to the chief legal officer or to the board of directors. If a resolution is not forthcoming, the lawyer must contact the SEC directly--that is, turn in his own client!
Zinn: Do you think it's a good idea for facilities to hire medical directors who are retired from private practice?
Two significant requirements in the proposed NYSE listing standards address the independence of corporate boards of directors, from whose ranks the audit committees are drawn, and fee payment to audit committee members.
Past: CalCPA vice president; treasurer; Executive Committee; Board of Directors; Finance Committee; Nominations Committee; Sponsorship Study Project chair; Los Angeles Chapter president; Los Angeles Chapter first vice president; Los Angeles Chapter vice president; Los Angeles Chapter Board of Directors; Los Angeles Chapter Public Issues Task Force; Los Angeles Chapter Careers in Accounting Committee; and Los Angeles Chapter Bylaws Task Force; and AICPA Congresional Luncheon, Washington D.C.
The LDA DG on recommendations of departmental promotion committee approved the promotion of two deputy directors as directors on regular basis and three others on the post of directors on acting charge.
Director Social Security Sargodha Muhammad Ahmed Hashmi has been transferred and posted at Directorate of Social Security (West).
The 2017 SCA Board of Directors are: Paul Stack, president; Heather Perry, vice president; Christina Meinl, 2nd vice president; Guy Burdett, treasurer; Tracy Ging, director; Andrew Tolley, director; Mary Tellie, director; Nils Erichsen, director; Alberto Polojac, director; Chad Trewick, director; Chahan Yeretzian, director; Colleen Anunu, director; Frank Neuhausen, director; Konstantinos Konstantinopoulos, director; Juan Luis Barrios, director; Andrew Hetzel, director; Ludovic Maillard, director; Andrew Linnemann, director; Ric Rhinehart, executive director and Yannis Apostolopoulos, deputy executive director.
Specifically, addressing the term of a sitting director, section 141(b) of the DGCL provides in relevant part, "Each director shall hold office until such director's successor is elected and qualified or until such director's earlier resignation or removal." With respect to the removal of a director, section 141(k) provides in pertinent part, "Any director or the entire board of directors may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at an election of directors." The language of section 141(k) makes it clear that only shareholders, and not directors, can remove a director.
Dmitri & Jennifer Kulev, Directors. Professional
Recruiting qualified individuals to serve as directors is a concern for public companies, and the possibility of personal exposure of directors is a consideration in the decision to serve.
While many individual directors from private equity (PE) firms are top-caliber, all PE firms should have policies directing steady attention to board performance.

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