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What is a director in company law?
What is a legal director?
What is the role of a director in a company?
What is a board of directors?
n. a member of the governing board of a corporation or association elected or re-elected at annual meetings of the shareholders or members. As a group the directors are responsible for the policy making, but not day-to-day operation, which is handled by officers and other managers.
An individual acting as AGENT of the shareholders of a company. A director is responsible, along with other members of the BOARD OF DIRECTORS, for overseeing the activities of the executive management team and exercising DUTY OF CARE and DUTY OF LOYALTY in protecting the interests of shareholders.
Director. (12) “Director” means any director of a corporation or any person performing similar functions with respect to any organization, whether incorporated or unincorporated, including any natural person who is a member of a board of trustees of a management company created as a common-law trust. Source. 15 USC § 80a-2 (a) (12)
Define Director: Legal. means the person designated as such, who is an employee of the IRBA, or any person acting in that capacity or any other person appointed or delegated to perform the functions of the Director: Legal as contemplated in these Rules;
director n. 1: the head of an organized group or administrative unit or agency 2: any of a group of persons usually elected by shareholders and entrusted with the overall control of a corporation NOTE: Directors owe a fiduciary duty to the shareholders in the exercise of their powers.
The chief person responsible for overseeing an organized group or managerial entity. A member of a group typically chosen by stakeholders, given the duty to supervise the general operation of a corporation. How to use "director" in a sentence. The director of the department must approve all major decisions.
Legal Definition of Director. Person elected by shareholders to serve on the board of directors. The directors appoint the president, vice presidents, and all other operating officers. Directors decide, among other matters, if and when dividends shall be paid. (See: Proxy)
