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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 periodicals archive ?
More of these boards should have at least one or two non-executive directors who are independent of any one class of shares.
The corporation must adopt the relief in its charter or articles of incorporation for the director to obtain statutory protection.
The active membership shall elect the National elected officers of the Association in odd numbered years and the active membership of each Division shall elect the division officers and director from that Division in even numbered years via a mail ballot with a plurality vote.
Managing Director, Newmark, Kevin Driscoll, Newmark and Brian Waterman, Exec VP, Newmark
It will be helpful if the prospective medical director has an interest in administrative medicine and/or previous administrative experience, having served in such capacities as committee chair, department chair, or chief of staff of a hospital or in some other civic or community leadership/administrative role.
Philip Confer, director of Forest Lake Camp, Warrensburg, New York, 1954-1985.
The director of nursing is the architect of quality," he says.
One director I interviewed--a retired CEO with a net worth of $10 million-plus -- confirmed that a $500,000 stake is an attention-getter: "I'm in for about half a million dollars, and I can tell you I'm a heck of a lot more attentive to this company than I have been to the others.
The director's purpose is to walk with the person, illuminating the directee's journey of faith," says Deborah Keenan, a spiritual director in Hamburg, New York.
The Service ruled that, after such an abstention or recusal, the corporation will have what amounts to a subcommittee of two or more outside directors under Regs.

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