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 ?
The bank will increase the number of outside directors from two to three, while decreasing the number of inside directors from four to three.
With these changes, Frankly's board now expands to two independent directors and three inside directors as defined by the TSX Venture Exchange.
To limit the number of inside directors, Don Phillips, managing director of research, will voluntarily step down from the board, on Dec.
Outside directors are less likely to be retained if they are from a firm with CEO duality, and inside directors are more likely to be replaced if the takeover is disciplinary.
But, as inside directors have been replaced by outside directors as part of governance changes, I have identified dozens of HR leaders, active and retired, who are directors of one or more public companies (see exhibit for a sample of names and companies).
Inside directors are seen to have expert firm-specific knowledge and are perceived to be innovative and insightful with regard to directing firm strategy.
They are not employees of the company or affiliated with it in any other way and are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company (most often as corporate officers).
Inside Ownership is the percentage of common shares owned by inside directors (directors who are full-time employees of the bank).
Many of these changes are likely to entail adding more outside and inside directors with prestige and connections to add value to the overall quality of these firms' leadership.
With respect to the proportion of inside directors on the board (Inside directors), we do not have a prior expectation of the sign.
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.